Houses in low 400’s probably won’t drop much further, but I’d wait 6-12 months to be sure. This Fannie/Freddie thing can unravel in a very nasty way, sending mortgage rates into the outer space, that alone would shave another 50-100k off those house values (probably won’t happen but do you want to take that chance?)
That is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
That is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
That is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
That is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
That is my concern – that the lower priced detached homes may not move much lower. Although I anticipate more homes will drop into that range, with interest rates on the move up, I run the risk of buying at a similar price but at a higher payment. Any other thoughts on homes in the lower price echelon? Maybe other family neighborhoods where I may have more protection against further price declines? A consensus on less price movement in homes priced in the low 400’s?
