Thursday, December 14, 2006
Time to Buy is Before Seller's Market Builds
When it has been officially deemed a buyer's market by all the national real estate associations then it is said to be a good time to buy. According to the author from The Washington Times, seller’s markets need to build, while buyer's markets happen overnight. Buyers of resales have a while now to choose from the homes they want, and interest rates are still fairly low. Buyers are waiting for the bottom to hit and sellers are holding onto prices or removing their homes from the market. The author think buyers should get off the fence, get financed and purchase a home due to historically low interest rates and high inventory. [M. Anthony Carr, The Washington Times, November 24, 2006]
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2 comments:
No thanks. I'll just wait until prices move down from "completely insane and ridiculously unaffordable" to at least "comparable to the cost of renting the same unit". I'm in no hurry. I can pay my bills every month, have excellent credit and a nice downpayment. No need to attach a huge, illiquid depreciating, difficult to sell, overpriced albatross around my financial neck. Let the market shake itself out and then I'll get back to you
Hi
YOur bolg is very nice. I have really learnt a lot from this blog thanks
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