Housing Market

TonyT

DTVUSA Member
#1
Anyone thinking about buying in this market right now? We've been seeing a steady decrease in homes listed here in the Midwest. I wonder if we're going to see a bottom in 2009 or 2010.
 

Jason Fritz

Administrator
Staff member
#2
Finance rates are at a historical low, housing has fallen 50% off it's highs over a year ago... but it could go lower.

It's impossible to predict a bottom, and who knows how many more foreclosures and bank owned homes are going to hit the market this next year. Are you looking for a second home, and keeping your first home?
 

TonyT

DTVUSA Member
#3
Not sure what we're going to do. we can't sell our current house because we've lost so much equity, yet we need the extra space. Every lender we've met with is requiring atleast 5% down which is all fine and dandy but I don't want to take the risk if the market isn't going to come back next year.
 
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