Asked by Joon, 95132 • Sat Aug 25, 2007
I've been looking for homes in North San Jose and prices don't seem to be going down because the inventory is so low. When anything pops up, it's gone in a week for a generally high price. At the same time interest rates are pretty high, even for conforming loans (and ridiculous for jumbos). Since you can't seem to get a break in the price and since rates are high, this seems like anything but a buyer's market. Is now really a good time to buy or should I wait a few months or even a couple of years?
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