My wife and I used to live five minutes walk away from 4S Ranch.
I think that is a nice price. I’m not saying those houses couldn’t fall in value during the next 24 months, but we would be willing to buy at that price (except we now live in the Bay Area)
Read the news about rates. The Fed has started TODAY implementing its long term plan of buying up to 500M of mortgages. I would WAIT at least a few days and watch the rates to see if the Fed can pull them down, but that is just a GUESS based on instincts. talk to HLS, who seems very savvy:
Keep in mind we are at about 5% for 30-year fixed, but the Fed has talked about using their spending power to pull that down to 4.5%. Nobody really knows IF the Fed will actually go after that target.
