Too often we fear asking the hard questions, because we are intimidated or annoyed by being sold to when we call on the phone and actually speak to a live real estate agent. Never fear, you can have your questions answered here. No pressure, just real answers to real estate related questions. Ask Away!
When the market is soft for sellers, the potential for extraordinary "deals" is available all around. The ability to purchase real estate for investment or a primary residence can be rewarding. The hang up is if you have to sell first in order to buy. If you can take advantage of the buyer's market with the ability to weather the carry cost, potentially, your wealth opportunities when the market comes back is exponential.
Concerned Buyer,
Based on multiple conversations this week with my trusted lenders, the anticipation of rates lowering is expected. It is hard to say for sure of course, but a overall drop in 2008 to about 5% is feasible. That could help both buyers, in affordability, and sellers, getting more buyers in the market. I do not see the prices moving up until the inventory level gets more in balance with demand.
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