State of the nation's homeowners

House Keys

When will house prices go up again?

That’s the question, worded in various ways, that I’m frequently asked by my neighbors, who happen to know that I write about real estate for a living.

My answer, always the same, is: I have no idea, and neither does anyone else.

There are plenty of forecasts of what may happen to house prices. Up. Down. Flat. U-shaped. V-shaped. L-shaped. Even W-shaped. But personally, I don’t think any of the forecasts are all that reliable.