In today’s recession wrecked economy, property values have gone down, way down that eve estimates due to many influencing factors that may surface due to the economic crunch. There is no sure way to determine the value of a property and with daily fluctuations in the economy, prices go up and down several times during the day affected by many factors in the economy.
From Wall Street’s performance to the performance of the dollar at home and overseas, so many factors come into play to make predictions reliable enough so that economists can come up with figures that can be quantified.
After all the statistical and mathematical analysis, it all comes up to predictions or estimates for as volatile the market really is assessing the value of property is indeed a difficult task to pursue. Even experts are staying away from predictions due to the mere fact they cannot be trusted for more than a few hours