Tiffany,

We certainly hope so! Our market is very active Right Now...that is because interest rates are historically low, the 1st time home buyer tax credit, AND, prices are low. They are low because there are so many short sales and foreclosures. Until the short sale and foreclosure glut of homes are gone, prices will stay low. We certainly hope that 9 months from now these will be reduced in numbers. I wish I had a crystal ball!!
Ron and Debbie Albert
Coldwell Banker Residential
Debbie@RonandDebbie.net

With another wave of "foreclosures" expected, it would be fair to assume home prices could remain as they are for a period of time yet.

Eventhough your optimal time to purchase property may be several months away, it is our recommendation that these buyers begin collecting real estate information and preparing themselves now in en effort to be realy when the time is right.

Things to do to get ready:

1. get you personal budget in order

2. start collecting information about financing

3. attend open houses

4. use the internet to collect specific information for targeted locations

5. know your options by understand the advantages and disadvantages of regular, short sale, and foreclosure transactions

6. Identify a real estate agent to support your initiative

The best opportunities often go to those people that are ready and can move quickly to make a decision. Over the next few months, try to place yourself in this elite group.......

Best wishes
The Eckler Team

Tiffany, there will still be opportunity come next spring. I would not worry about a significant increase in prices.

Fred - when you're done with the crystal abll, please pass it to me
Thanks........

Tiffany, if you're unable to move till next march or April, then that's what you have to do. it doesn't matter what the market will be doing. I agree with Fred, though, in that I don't see any huge appreciation taking place, so you should be ok with pricing.
The only issue will be what is happening with the mortgage rates.
But...if you need to wait, then you will deal with it when the time is right. I wouldn't worry.

Best wishes..
Debbie Rose
Prudential NJ Properties

Let me get out my Crystal Ball...



There are a staggering number of houses for sale in many areas of the United States. This does not include the "shadow listings" - houses that are going into foreclosure, or have been foreclosed upon, but are not yet on the market. Other shadow listings include Sellers whose properties were listed for two or three years; they did not sell, so they took them off the market until a more opportune time.

The chances of all those properties being absorbed by March or April is highly unlikely. The coming wave of Commercial Foreclosures, and the increasing Unemployment Rate will throw even more Real Estate onto the market.




Unless you are looking in the very very few areas of America where the bottom has been reached,
then you should be okay (from a Buyer's POV) until March or April.


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Best wishes to you,
Fred
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