The top article on Yahoo’s Most Popular (Most Recommended) is “Housing Prices Drooping, Buyers waiting.”
My mother lives in an area of Phoenix that is very vulnerable to a downturn. I tried to tell her again today that they should consider selling their house, particularly as her husband’s company is downsizing and he is worried about his job and her bills are higher than she budgeted when they bought the house. She told me it would be stupid to sell as there are so many houses for sale in her neighborhood right now. She told me it would be much better to wait. She does not understand that it not going to get better with time – at least for the next few years.
