What does the current "housing slump" mean for someone wanting to buy a home within the next year?

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What does the current "housing slump" mean for someone wanting to buy a home within the next year?

thegubmint

I means that you will probably get a pretty good deal on a house, depending on the market you're shopping in. Hopefully you've saved up a down payment and are not planning on doing one of those interest only ARM loans. Conventional loans are still at very low historical interest rates and are the best way to go.

thinking-guru

It is a good time to buy a home. A "buyer's market". you should be able to deal more with sellers and negotiate a lower price. But remember: the seller doesn't have to lower their price at all.

ticketoride04

buy when the bottom has fallen out of the mkt, hold, then sell high

Landlord

This is the perfect time to buy. Interest rates are still low and sales prices are low too. This combination is very rare and will not last long.

Jump on the bandwagon!

RickRN

Plenty of houses to choose from. Good deals. Clean up your credit. It is getting more difficult to qualify for a mortgage, due to all of the foreclosures.

bonstermonster20

According to my friend, who is a real estate agent, it will be the perfect time to buy in the next 6th months. Due to all the homes for sale, there is a bit of a slump in market value.

Casey C

Just to beat the dead horse... it's always a good time buy... in a market like this, you can't lose!!!

ticketoride05

GET ER DONE WHEN YOU THINK ALL IS GONE, THEN BUY AND HOLD IT FOR A GOOD SALE IN THE FUTURE

NY PTK

The market is wide open...inventory levels are rising...prices are dropping...the Fed is currently holding firm with rates. Great time to buy over the next 12 months.

carmen m

You are in th driver seat!!!!

beachlover

its a buyers market and prices have fallen and anyone who gets in now has the benifit of being in a home as the market rebounds. greater gains in value in a short time. go for it most people look for a home for a few months first i would get pre-approved then shopp
check out the info here it may help you when it comes to making an offer
http://www.directlendingplanet.com/article6.html

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