When will prices again approach the 2005-2006 peak?

Many sellers want to know how long would they need to wait to again see the prices of 2005-2006. Moody’s and Fiserv have actually studied this point. Here are the years that different states will probably return to those prices:

Before 2014
Maine
Vermont
Kentucky
Pennsylvania
South Carolina
Alabama
Alaska
Iowa
Montana
South Dakota
North Dakota
Wyoming
Nebraska
Kansas

2014-2017
Massachusetts
Connecticut
Delaware
Ohio
West Virginia
Indiana
Wisconsin
North Carolina
Tennessee
Mississippi
Arkansas
Missouri
Louisiana
Oklahoma
Texas
Colorado
New Mexico
Washington
Oregon

2018-2022
New York
New Hampshire
New Jersey
Maryland
Rhode Island
Illinois
Hawaii
Georgia
Idaho
Utah

After 2023
Virginia
Florida
Michigan
Minnesota
California
Nevada
Arizona

There are two ways to look at this data. First, if you are thinking of selling, sell now – don’t wait. The other point is, if you are buying this year, in 43 of the 50 states you could see a dramatic increase in value within ten years. I think this data can help both buyers and sellers make good decisions for themselves and their families.
What do you think?

Reposted from http://steveharneyblog.com/2009/10/06/when-will-prices-again-approach-the-2005-2006-peak/