Why the shock??? DId you read the bubble primer here on this site?? And you still want to buy?? Do you understand what is happening with the easy credit that has been driving the bubble for the past 5 years and what impact that will have on RE prices in the next several years??
Hope you don’t have to move or lose a job. If you are employed in the Real Estate industry, find another job fast.
Sorry Vegas Renter but a housing doesn’t move with the same velocity as a stock market bust. That being said, you need to go study the foreclose graph from Credit Suisse, that will give you an answer as to when to expect the bottom to drop out.
Suggest that you expand your horizon out 2 to 3 years before buying or you will end up being a knifecatcher.
Sorry Vegas Renter but a housing doesn’t move with the same velocity as a stock market bust. That being said, you need to go study the foreclose graph from Credit Suisse, that will give you an answer as to when to expect the bottom to drop out.
Suggest that you expand your horizon out 2 to 3 years before buying or you will end up being a knifecatcher.
In my opinion, the moderately shrinking inventory is a good sign because it means that there are knifecatchers out there who are whittling away at the comps. Let them continue to think they got a “good deal”…we know better here.
In my opinion, the moderately shrinking inventory is a good sign because it means that there are knifecatchers out there who are whittling away at the comps. Let them continue to think they got a “good deal”…we know better here.
