Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.
We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.
I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.
Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…
