Website Claims Louisville Housing to Fall 3.4%
March 2nd, 2007 by Tre Pryor, Editor-in-ChiefAnyone who deals with forecasting the future understands that it’s not an exact science. There are just too many variables. In other words, it’s tough to bet against the house and win.
Like trying to predict a sports contest or the stock market, predicting housing trends is also a risky business. The website, Housing Predictor, has recently launched to try and tackle this beast. Because it is relatively new, we can’t assess their accuracy just yet but it’ll be interesting to follow their performance over time.
So what are they predicting for Louisville?
The median price for a single family home in Louisville stands at $142,000 and should fall slightly just 3.4% through 2007.
That’s not a very sunny picture for all of us homeowners, is it? I’ve got a prediction of my own. I’ll give you 2-to-1 odds that we beat their forecast. Any takers?