Home buying: Buy now? Or wait for prices to drop?First Faved : Mar 07 2007 by RichFaved : 1 time with noteViewed : 9 timesFave It!
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Good question - I hear it all the time.
I was in Iowa recently; houses are cheap (but I wouldn't want to move and live there!!). Took a look at some homes and was told by the agent that it's common in depressed markets in the midwest to have buyers make offers that are significantly below list price. Wow, what a different market!
Quoted: Question: My wife and I want to buy. Should we wait to see if prices fall, or take advantage of today's low mortgage rates? - Heath Hewett, Columbia, S.C.
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The ice house project is interesting. The pictures and info about Detroit housing really good, especially the ones that compare circa 1950 to now.
1 FaverViewed: 6 TimesQuoted: Detroit is a depopulated city with many areas returning to open space prairie land
- Rich - 27 days ago1 FaverViewed: 4 Times
- Rich - Jul 14 20091 FaverViewed: 6 Times
this is *the* question for me.
I figured as much when I saw you start to dot more from the bubble blog. I can see how conflicting news is confusing and nerve-wracking for a first-time buyer.