Are We Close to Bottom?

[jdsuowner]

Hey all, my wife and I have been waiting for what seems like forever to get into a decently priced home and finally found a good home at around $530K (was $750K at peak and 300K in 2000). Anyhow was wondering how you guys feel about where prices are at and how much lower if any things might go from here on this type of home (5bd/2Ba/2 Story). Are we 0%, 5%, 10%, 20% from bottom and what year do you think bottom will be?

Thanks guys…

[moneymaker]

If you’re paying cash I would wait for true bottom, if financing then I think we’re pretty darn close if not there yet. I think comparing to 2000 prices might be a little like comparing apples to oranges as a lot of homes got remodeled from 200-2005, thus adding value, I know ours was by the previous owners.

[moneymaker]

If you’re paying cash I would wait for true bottom, if financing then I think we’re pretty darn close if not there yet. I think comparing to 2000 prices might be a little like comparing apples to oranges as a lot of homes got remodeled from 200-2005, thus adding value, I know ours was by the previous owners.

[moneymaker]

If you’re paying cash I would wait for true bottom, if financing then I think we’re pretty darn close if not there yet. I think comparing to 2000 prices might be a little like comparing apples to oranges as a lot of homes got remodeled from 200-2005, thus adding value, I know ours was by the previous owners.

[moneymaker]

If you’re paying cash I would wait for true bottom, if financing then I think we’re pretty darn close if not there yet. I think comparing to 2000 prices might be a little like comparing apples to oranges as a lot of homes got remodeled from 200-2005, thus adding value, I know ours was by the previous owners.

[moneymaker]

If you’re paying cash I would wait for true bottom, if financing then I think we’re pretty darn close if not there yet. I think comparing to 2000 prices might be a little like comparing apples to oranges as a lot of homes got remodeled from 200-2005, thus adding value, I know ours was by the previous owners.

[jdsuowner]

Thank for the reply.

We are not paying full cash, 20% down only. Do you think the upcoming mortgage resets/recasts are going to have big negative impact on prices?

[jdsuowner]

Thank for the reply.

We are not paying full cash, 20% down only. Do you think the upcoming mortgage resets/recasts are going to have big negative impact on prices?

[jdsuowner]

Thank for the reply.

We are not paying full cash, 20% down only. Do you think the upcoming mortgage resets/recasts are going to have big negative impact on prices?

[jdsuowner]

Thank for the reply.

We are not paying full cash, 20% down only. Do you think the upcoming mortgage resets/recasts are going to have big negative impact on prices?

[jdsuowner]

Thank for the reply.

We are not paying full cash, 20% down only. Do you think the upcoming mortgage resets/recasts are going to have big negative impact on prices?

[JBurkett19]

I agree with the previous post. If you’re financing, rates will not get any better. Rates already have seen the best. If crazy inflation sets in, as many say, then you’d be best served by financing now. If the Fed raises the window rate to 20%, to cool things off, prices will go down further, but no one will be able (or want to) finance at those rates.

Just my opinion-

[JBurkett19]

I agree with the previous post. If you’re financing, rates will not get any better. Rates already have seen the best. If crazy inflation sets in, as many say, then you’d be best served by financing now. If the Fed raises the window rate to 20%, to cool things off, prices will go down further, but no one will be able (or want to) finance at those rates.

Just my opinion-

[JBurkett19]

I agree with the previous post. If you’re financing, rates will not get any better. Rates already have seen the best. If crazy inflation sets in, as many say, then you’d be best served by financing now. If the Fed raises the window rate to 20%, to cool things off, prices will go down further, but no one will be able (or want to) finance at those rates.

Just my opinion-

[JBurkett19]

I agree with the previous post. If you’re financing, rates will not get any better. Rates already have seen the best. If crazy inflation sets in, as many say, then you’d be best served by financing now. If the Fed raises the window rate to 20%, to cool things off, prices will go down further, but no one will be able (or want to) finance at those rates.

Just my opinion-

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