Of course we all know that sals activity will pick up in the spring, that’s common sense. I just don’t think it will be at a higher price than we have today. I’m quite certain it will be lower. There will a a few home builders with some major slashes in January that will start it all. Maybe even the REO’s will start moving by then.
I don’t expect to pay less than $500K. If I could get 4 bedrooms and 2500 sq ft in a nice neighborhood in 92011 for 600-650, I would buy today. Right now, that is 799 which is unacceptable. It was 899 a few months ago….but 350 5 years ago. I will pay 5% for inflation since purchase, nothing more.
My company bought my old house in the midwest and will pay my closing costs on a new house if I buy before August. But why would I risk losing 100K to save 15K? I would like to think that other relo’s have at least half a brain to figure that out.
