I can undserstand there are many personal reasons for buying at this time, but consider the direction things are headed.
Unemployment is a real estate killer! And it’s getting up a head of steam right now.
we’re headed into the worst season for home sales.
An absolute deluge of distressed properties are coming in the next 12 months.
The only caveat I can think of is that loans will probably be more difficult to get.
If you can wait 2 to 3 months, there’s a good chance you’ll get another 20% off. I could be wrong, but I doubt it. I cannot find one factor that is not highly negative for the real estate market in the next year.
But, if you buy right now, at least your were getting it lower than 2 years ago. And there’s nothing wrong with that.
