JES, you and I are in the same boat. Well… you have a few more people on your bench! I’m sceptical as well that the market will have corrected enough in 2yrs to make buying a first house attractive. It is possible I suppose. The availiblity of information to us common folk continues to increase, and this may help speed the return to historical norms. Who wouldn’t be taken aback with the realization that the seller of the house you are considering bought it less than a year ago for a hundred thousand less? Wouldn’t that knowledge factor into most anyone’s bid? How about discoving that the city appraisal is 1/10th of the asking price? Or that the house sold 3 yrs ago for half the price? This is information is free now quickly availible. It is my hope that this buyer empowerment will speed what I consider market “recovery” 🙂
Where did you look in CO, what did you think, and where else are you looking?
