To: Onelifetogive
Very observant...
It isn't a bargain!
The current 'stall' in home prices is not an actual pullback yet...if you want a bargain, wait another 18 months from today for the trough.
Reagan80
24 posted on
08/09/2006 11:30:17 AM PDT by
Reagan80
("Government is not the solution to our problems, Government IS the problem." -RR; 1980 Inaugural)
To: Reagan80
If interest rates start a downward trend in the 1st quarter of next year as I believe they might, you will see a resurgence in the RE markets. The selling price of a property is not as important to a home buyer as is the monthly payment. The lower the mortgage rates go the more money can be borrowed for the same payment.
A report just today showed a surge in mortgage applications last week because interest rates have already pulled back over half a point.
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