2007-12-25 04:30:25 · 4 answers · asked by 1seattle 1 in Business & Finance ➔ Renting & Real Estate
Yes from what I hear it really is.
I don't know for sure why the administration caused the slump, but they could not (as they claim) not have known what would happen when they kited the prime and other rates.
2007-12-25 04:44:52 · answer #1 · answered by ? 5 · 3⤊ 0⤋
This is a buyer's market, so yes. However, do your research and make sure you do NOT buy more house than you can afford, get a 30-year-fixed mortgage with NO pre-payment penalty (you can always send in EXTRA money via check with "Principle only" in the memo line and reduce the term you pay out on the mortgage, but with no fears you could default if you hit a rough patch economically because a 30-yr will have lower payments than a 15-yr). Get the house INSPECTED. Make sure it is ENERGY EFFICIENT. I'd also recommend making it ADA accessible. Decent neighborhood and you're good to move and be glad you have your own home. Over-extend yourself, do a "creative mortgage," or get a drafty mansion and you WILL come to regret it.
2007-12-25 04:37:49 · answer #2 · answered by heyteach 6 · 0⤊ 0⤋
Seattle is one of he areas where prices have started back up. The media and the politicians seem intent on causing a distracting depression. Shouldn't we be wondering why?
2007-12-27 09:52:31 · answer #3 · answered by ? 6 · 1⤊ 0⤋
House prices have been pretty stable so you won't get a great bargain but waiting probably won't help. Take your time shopping and find what you like then make an offer. If you are financially ready go ahead.
2007-12-25 04:46:49 · answer #4 · answered by shipwreck 7 · 0⤊ 0⤋