If you wait for values to go up ( and they will ) in my opinion you will be waiting at least 5 years.
Remember that this is just an opinion, but I did foresee this housing slump and am on the front line being that I am in the mortgage business. When I stop getting calls from people in foreclosure or looking to do loan modifications then we have turned the corner.
I foresee 3 to 5 years of a bounce along the bottom with maybe one quick drop in values caused by some sort of legislation that facilitates the foreclosure process. Then about two years later I see growth.
Again this is just my opinion.
If you are buying and selling then it doesn't really matter when you sell ( a weak selling market means a strong buyers market and things should even out)
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010
NMLS ID 143960