Gentle Fox
 |
It's a toss of the coin. Prices will stabilize this year while interest rates are generally low. If the forecast is correct and inflation raises its ugly head, interest rates will rise next year and with a rise in unemployment, more people will be dumping there homes, causing a glut of homes for sale on the market. I don't see the advantage of waiting if you have the resources now.
Edit: You didn't specify if you were buying this house in Canada or in America. Canadian home prices have gone up where as American prices have dropped dramatically because of the sub prime fiasco. |
|
Datx
 |
You see the problem is it doesn't really matter unless you are homeless. Because if house prices fall, so will will the price you sell your house at meaning you have less money to spend. Though I do believe with more stability in the States house prices will rise next year. |
|
Real Estate Guy
 |
new home prices have had a net increase.
The cost to build a new home has increased for the builder, while at the same time, the sales prices have dropped.
What has happen is a couple of things. Incentives (paid closing, free options, etc) have decreased or at least are not as great as they were a year ago.
PLUS builders are doing what is called a value redesign. They are taking what were standard features out of the house in order to lower the price. PLUS they are also using cheaper materials and building practices.
I say buy now, but really look around before you buy. Not all builders are doing this, but the nationals are . . . |
|
Dentist H since 2001
 |
i went to the bank and bank forecasts that the feds (USA) will not change the rates for 6 months, after that, who knows?!?
I'm expecting them to climb again. |
|
RedPersianKitty
 |
If I were you I would wait until the fall or winter of this year. The prices are dropping everyday and once the summer is over they will drop again. |
|
Luna
|
I'd say this year is the best time to buy a house. The housing market crashed. There's thousands of foreclosures out there. Only god knows what it'll be like next year. |
|
Tom P
 |
If you can get a good deal now, with a reasonable interest rate go for it. Take your time, and get the best deal you can on a bank repo or distressed property. You do not need to rush, housing prices will likely not appreciate much over the next few years. Interest rates on the other hand are more likely to go up as the Fed will eventually have to combat the weakened dollar. |
|
Fifa 08 King
|
Defos this year because its all over the news that the prices of houses are coming down and this year is the best for house buyers |
|
Jay M
 |
The key to your question is the word 'new'. If it is brand new the builders are suffering and it is a great time to buy. They have the nose of a bloodhound and know exactly when the scent changes in their favor - and then it gets jacked up 10-20K quickly. If it's a resale, sellers catch on, too, in a turnaround, but later than builders. So watch the newspapers for the clues in the new homes section. |
|
Arthur A
|
I think it's better to buy now that the housing market has dropped and the interest rates. Who knows what will happen next year? |
|
Mitchie
|
you should buy a house next year because i moved house so you should move house next year so you can have time to hang with your friends.and sometimes houses will decrease its pricing. |
|
mark187
|
I think it makes no difference the economy is **** up, |
|
Maria F
|
I THINK ITS BETTER THIS YEAR WERE TRYING TO BUY A HOUSE TO BECAUSE THEY HAVE REALLY GONE DOWN THIS YEARS THE YEAR |
|
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
