“If you are looking for a large price decrease in a few months, I personally don’t see it happening. If you can wait another year or 2 or 3 then yes it may happen due to either large interest rate shock, or something else substantial.”
SDR, at this point I have given up on further price declines. I would settle for more inventory at REO sales prices. In the areas I have been looking hard at for the last 2 years, the choice inventory under 850k has essentially dried up. I feel like for every “deal” there must be at least 10 buyers. My hope is that buyers will get frustrated by the lack of inventory this fall and hibernate until the spring.
