A recent story on Cleveland.com talks about the 4% decline in the median price of homes in Cuyahoga county. It prompts this thought about the market "bottom".
Buyers need to make a decent offer so as not to alienate the seller. Trying to time the market and waiting for the "bottom" doesn't work because when buyers are sure the market has bottomed, prices have already risen and they miss their chance at buying at the "bottom". Prices are substantially reduced already and buyers can rest assured that they are getting a good discount on most homes! Let's see what happens with the proposed $15,000 tax credit. Hopefully that will flush out more buyers...
Comments(0)