Attention Bargain Shoppers:
Real estate is on sale at 25% or more below the peak of the market
People who buy real estate today will be seen as geniuses in ten years.
Maybe values will still drop. However, rates may also go up negating some of the difference if prices continue to drop.
The bottom line is that history repeats itself. Values will come back. Prices will increase. Within ten years we are confident that values will be significantly higher than they are now. Maybe someone buys today and finds in 12 months the house is worth less. That's fine as long as they are planning on staying for a number of years.
Interest Rates are historically the lowest ever, Prices are falling, More incentives available for example The first time home buyer tax credit, and the volume of homes on the market is increasing daily, This I must say is a recipe for the greatest first time home buyer market place