MiamiJustListed.com News! - Housing Market: Best time to buy in four years
It may be the best time to buy a house in more than four years.
Home prices have dropped so quickly and so far that valuations - the difference between what a home should cost and its actual price - are the lowest they've been since 2004, according to a report commissioned by Citi National Bank and financial analysis firm Global Insight.
In more than 88% of the 330 housing markets surveyed prices declined and improved affordability during the last three months of 2007.
Housing valuations are almost back to long-term norms and current affordability is the best in the past four years.
Katerina Brosda
Broker Associate BWR
http://www.MiamiJustListed.com
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