No Bottom in Sight for the housing Market
You might not want to be in too much of a hurry to buy a home right now as we are still far from the bottom. This article show us how much trouble the builders are in. Many more will go under along with many more banks this year. Be patient and stay awake. Time is on your side as a buyer. There will be a correction in the market when existing homeowners are forced into losing their homes or selling them at a price where the market demands are met. That is when the prices match the buyers,not the sellers, viewpoint of the value of the home.
www.rateinformer.com
www.rateinformer.com
posted by Rateinformer.com at 9/10/2008 04:02:00 PM
2 Comments:
It appears as if your advice still holds 6 months later, and will likely continue to do so. Remember, home values are going to depend on a robust mortgage market. Too few people can obtain a loan to make a dent in the housing stock out there.
Thank you for your thoughts. Many people did not and still will not see the issues ahead even when they are in the financial sectors. There are still a lot of problems ahead as all the money the Feds are spending has to be paid back after the presses are done printing money.
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