Look, bottom line this one…… home prices will only go down if people are not willing to pay the current prices or are willing, but CAN’T pay the prices. If there are enough people willing to buy, be they crazy, more money than sense, rich, whatever, then prices will not drop. So, everyone sitting on the sidelines, waiting, better hope that people go broke so homes don’t sell and prices go down. If you are wanting to own a home, can afford one now, and you are just looking for a HOME, not an investment, go for it. But if you don’t plan to stay in the home, then you better think twice. Now if you just want to wait, you’ll probably get a better price in a few years. You’ll never be able to judge when to jump in.
