So What Exactly Determines Home Prices? Post your answers here.
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I know home prices are based on what is going on in the real estate market and if people are scared or not to buy in the area based on supply and demand ...
Posted by: Jenny S | April 28, 2009 at 12:20 PM
I have spent countless hours explaining to people that Real Estate prices are definitely going to continue to drop for probably the next 1-2 years.
However, there is no guarantee that rates are ever going to be this low again. So, if you are paying cash for a property, it is probably a good idea to wait 12-18 months & buy when prices drop. However, if you are financing, I would buy now & lock into a 30 yr fixed mortgage & all-time record low interest rates. ~ Fred Solomon
Posted by: Fred Solomon | April 30, 2009 at 10:55 AM