With mortgage rates and property taxes expected to skyrocket, and foreclosures escalating, will next year be?

Question

a good time to buy real estate for 50% of current value, or should a person wait until prices fall even lower?

Answer 1

This summer will be a good time to buy property. Not at %50 of value. You will be paying what its worth. The chances are good that it will go up in value if you hold it. By next fall prices are going to start going up again.