Did it make sense to wait? We think not! Don't listen to everyone saying prices are going to go even lower.....they might....but they might not. We are very close to the bottom in our opinion. We may see a slight bit of depreciation over the next 6-12 months from the onset of "shadow inventory" (the foreclosures and pending foreclosures that will eventually hit the market), however, if interest rates go up you don't save! Enough said? Call or email if you want to discuss this more. Otherwise, get to house hunting....immediately! There's never been a better time.
Graphic courtesy of KCM Blog, Steve Harney
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