Home Buying in Dublin>Question Details

Daniel, Home Buyer in Foster City, CA

Home prices are going down!...see Dublin Market trends on this site...

Asked by Daniel, Foster City, CA Mon Aug 12, 2013

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4
If you believe that; then act on it.
Playing the Real Estate Market is not like playing the Stock Market.
You also cannot see trends based on a small sample.
But you do whatever you feel comfortable with.
1 vote Thank Flag Link Tue Aug 13, 2013
Daniel,

Since your crystal ball is so sure that prices will be lower at year end, can you check it and tell us what level interest rates will be at that time?

If interest rates are up you may still end up paying more even if prices decline. If prices do not decline and interest rates rise you net monthly outgo will be more, yet.

Market timing is a risky business.
1 vote Thank Flag Link Tue Aug 13, 2013
What If both interest rates and home prices go down? Thankws
Flag Thu Oct 31, 2013
John is absolutely right and sometimes over analyzing will not benefit you in the long run. If buying a home is a right thing to do for you and where you are in your life and you plan to own at least five years, owning real estate would be a great move and risk very low. It is all the people like yourself that look at real estate from a speculative view that end up taking higher risk than they should and may end up not making a best decision.
0 votes Thank Flag Link Sat Sep 21, 2013
4 Bedroom prices went down 3.8% in just one week!....prices continue going down!....builders can't sell any more and they have many quick move-ins!
0 votes Thank Flag Link Sat Sep 7, 2013
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