Why not buy now?
I spoke to a buyer that I have been working with for 2 years yesterday. He found a house that was perfect for him....he is very conservative so the price range is well below his mortgage qualification, the interest rates are lower than when he first started looking. Why is he not buying? waiting for the prices to go down further? He has spent two years cramped in an apartment with a wife and child. The wife has indicated that their quality of life is poor because of this circumstance...he could be happy in a good space home where he and his wife could have privacy and their child a yard to run and play in at a monthly payment that is not that much more than his current rent yet he is waiting....for????