We tried to refinance but our house has dropped in value when will the house values come back up?
DrusillaIt probably depends on where you live - markets vary. Best case, I think it will be one to two years before the beginning of a recovery and the actual recovery may take four to eight years (before your equity is fully recovered).
Claudieit will probably 5-7 years to get back to levels of a yr ago - if you're lucky - some areas will probably take longer depending on the amount of teh drop - they probably will keep dropping into late next year
DeonStart to go back up in value? I would say in the next year. How long until it gets back to its full value at the peak? I'd say 5 years at least.
BenProbably not for a long time.
Helenwhen the economy rebounds
BarbieWhen the demand for houses out weighs the supply ... you might have a ways to go.