2007-08-22 10:29:46 · 4 answers · asked by lola d 1 in Business & Finance ➔ Renting & Real Estate
Would wait until this financial debacle has settled down. Yes it is a buyers market but prices are going to continue to drop as more homes go into foreclosure in the next 4-6 months. That is when allot of ARM's will be resetting, and this will affect the Alt-A and prime market in fact it already is. The Fed will most likely drop rates within the next two weeks which will help some but not all, and again that also depends on the inflationary concerns. The housing market has been in need of a reality check and correction for some time now, we are just seeing the tip of the iceberg.
2007-08-22 11:15:10 · answer #1 · answered by Pengy 7 · 1⤊ 0⤋
As a rule, you should only buy if you plan to use the property within a year either to live or for an investment like rental property.
2007-08-22 10:33:48 · answer #2 · answered by Suzy 5 · 0⤊ 1⤋
What kind of property, personal residence or rental property?
Right now with EXCELLENT credit it is a buyers market in many areas of the country.
2007-08-22 10:35:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
buy one it will be an asset and investment. the sooner you own a home the better. it will be hard to start off with but it will all pay off later down the track
2007-08-22 10:48:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋