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sparky2gig
Guest
Wait for sure. This thing is still crashing down around us. The trade off you will need concern yourself with is the cost saving in purchase price against an ideal location for your interests. What is on the market in competitive areas may not remain there for the interim period. Try and find out more information about the area in which you hope to buy and the homes presently on the market. All the major franchised realty's have on line listings broken down by area, start there and then you might try home owner's associations to see what kind of data they collect on home sales and pricing. It is a buyer's market now, but the bottom has not been found. This ridiculous stimulus package the idiots in the beltway have thrown together is going to be an abysmal failure. Once that passes and the markets continue their erratic tendencies and more and more homes are foreclosed on, you will be in a position to better tell what the local real estate market is going to do. As far as predictions, I wouldn't even venture a guess. We have relatives who just bought near St Louis and paid 107,000 dollars for a house that just a year ago appraised at 205,000. It will really vary dramatically by area.