Real estate, going UP or DOWN?

In general, because of the bad employment numbers and rising foreclosures, there will be a temporary drop in prices for a little while longer in many markets.

However, the price of many of the basic commodities like lumber and other wholesale goods is starting to skyrocket. It will only be a matter of time before these costs are handed down to the retail level.

Also, with the Fed and the quantitative easing, (pumping money into the system) all of that extra cash will cause inflation, and quite possibly hyper-inflation before too long.

So I see a short term drop, followed by a continuous rise that could be quite sharp. The next year or two is a great time to get into some properties!