I think they are too high still. Especially in areas like Phoenix, Florida, California and Las Vegas where the prices where driven up. I think 2008 might be the best time to buy homes in these places. Am I wrong?
2007-02-27 15:45:06 · 4 answers · asked by Hello11 2 in Business & Finance ➔ Renting & Real Estate
ok, i'm a realtor here in las vegas and #1 there ARE buyers out there. about 60 to 70 homes are CLOSED sales every day here. why? because interest rates are low and it's a BUYER'S market. #2 if you try to speculate on when to buy you're going to get it wrong. if you find a house you like and you can afford it, BUY it because there are so many factors in home prices. if anyone could accurately predict home sales and prices they'd be the richest man in the world.
2007-03-01 11:40:34 · answer #1 · answered by stevemincer 3 · 0⤊ 0⤋
I agree. Too high. I believe that the end of 2007 or the beginning of 2008 would be a good time to buy, unless you can find a foreclosure.
I am in So. Cal. looking at homes. A lot have been on the market for over 9 months, there are no buyers right now.
2007-02-27 15:50:57 · answer #2 · answered by PizzZak 2 · 0⤊ 0⤋
Yes, prices are high, but in some markets I think the may have bottomed out but it's always just speculation. One BIG argument for buying now is that interest rates are near historic lows. If you wait, sure prices could dip a little more but interest rates could go way up meaning you would still be paying a higher mortgage.
2007-02-27 16:18:43 · answer #3 · answered by carlton i 1 · 0⤊ 0⤋
In Northern VA, tax assessment for home values in different counties have dropped about 3-7% according to yesterday's Washington Post.
2007-02-28 01:18:42 · answer #4 · answered by tygger 2 · 0⤊ 0⤋