Predictions on when it will become easier/cheaper to buy a house?

[Rt.66]

Nothing new in this bubble collapse, except its much, much bigger and the economy is much worse.

So follow what always happens and count on it being worse this time around.

You will always have the too eager fence sitters jumping in way early and chatting about how its the bottom (although EVERY indicator says, no way!). Right now the bankers are playing these “investors” like a Stratovarius. These people will find their 2008-2009 smoking REO deal very far underwater.

These folks will likely be out of money to bid up REOs by late fall, and the “investors” amongst them will be trying to flip by January 2010 and the long termers will be thinking jingle keys in 2011.

Then reality is setting in and people realize that, just like the other times, things are gonna go down, overshoot to the downside, and then sit at the bottom until something happens to spark things up again (which may never happen again in their lifetimes).

When people stop trying to downplay the biggest foreclosure disaster in history (x50) and let it and its ramifications sink in……

When people barf a bit in their mouths when RE investing is mentioned…. then we are getting somewhere.

[Eugene]

Affordability was at a 10-year high this February and March. It was a good time to buy a house. Right now prices are going up and interest rates are going up.

We may retest those affordability levels next winter.

Next spring buying season will be even stronger than today. This recession is going to end sometime this year, Obama’s stimulus will kick in, unemployment will be falling. People who defaulted in 06 and 07 will be eligible for FHA mortgages.

[Eugene]

Affordability was at a 10-year high this February and March. It was a good time to buy a house. Right now prices are going up and interest rates are going up.

We may retest those affordability levels next winter.

Next spring buying season will be even stronger than today. This recession is going to end sometime this year, Obama’s stimulus will kick in, unemployment will be falling. People who defaulted in 06 and 07 will be eligible for FHA mortgages.

[Eugene]

Affordability was at a 10-year high this February and March. It was a good time to buy a house. Right now prices are going up and interest rates are going up.

We may retest those affordability levels next winter.

Next spring buying season will be even stronger than today. This recession is going to end sometime this year, Obama’s stimulus will kick in, unemployment will be falling. People who defaulted in 06 and 07 will be eligible for FHA mortgages.

[Eugene]

Affordability was at a 10-year high this February and March. It was a good time to buy a house. Right now prices are going up and interest rates are going up.

We may retest those affordability levels next winter.

Next spring buying season will be even stronger than today. This recession is going to end sometime this year, Obama’s stimulus will kick in, unemployment will be falling. People who defaulted in 06 and 07 will be eligible for FHA mortgages.

[Eugene]

Affordability was at a 10-year high this February and March. It was a good time to buy a house. Right now prices are going up and interest rates are going up.

We may retest those affordability levels next winter.

Next spring buying season will be even stronger than today. This recession is going to end sometime this year, Obama’s stimulus will kick in, unemployment will be falling. People who defaulted in 06 and 07 will be eligible for FHA mortgages.

[moneymaker]

Or maybe a better way to put it is “it’s not hard to buy a home, it’s just hard to keep it”, as so many people are finding out the hard way. Condos are pretty cheap right now, but I wouldn’t buy west of the I-5 for awhile.

[moneymaker]

Or maybe a better way to put it is “it’s not hard to buy a home, it’s just hard to keep it”, as so many people are finding out the hard way. Condos are pretty cheap right now, but I wouldn’t buy west of the I-5 for awhile.

[moneymaker]

Or maybe a better way to put it is “it’s not hard to buy a home, it’s just hard to keep it”, as so many people are finding out the hard way. Condos are pretty cheap right now, but I wouldn’t buy west of the I-5 for awhile.

[moneymaker]

Or maybe a better way to put it is “it’s not hard to buy a home, it’s just hard to keep it”, as so many people are finding out the hard way. Condos are pretty cheap right now, but I wouldn’t buy west of the I-5 for awhile.

[moneymaker]

Or maybe a better way to put it is “it’s not hard to buy a home, it’s just hard to keep it”, as so many people are finding out the hard way. Condos are pretty cheap right now, but I wouldn’t buy west of the I-5 for awhile.

[smshorttimer]

This North County bear must concede that there is very little of quality on the low end, my particular “low end” being up to $350,000. We’ve found exactly one house we were excited enough about to write an offer on, and it was a short sale that we were beaten to by a day. There is one, maybe two other active listings that I could see pursuing.

[smshorttimer]

This North County bear must concede that there is very little of quality on the low end, my particular “low end” being up to $350,000. We’ve found exactly one house we were excited enough about to write an offer on, and it was a short sale that we were beaten to by a day. There is one, maybe two other active listings that I could see pursuing.

[smshorttimer]

This North County bear must concede that there is very little of quality on the low end, my particular “low end” being up to $350,000. We’ve found exactly one house we were excited enough about to write an offer on, and it was a short sale that we were beaten to by a day. There is one, maybe two other active listings that I could see pursuing.

[smshorttimer]

This North County bear must concede that there is very little of quality on the low end, my particular “low end” being up to $350,000. We’ve found exactly one house we were excited enough about to write an offer on, and it was a short sale that we were beaten to by a day. There is one, maybe two other active listings that I could see pursuing.

[Author]

Posts