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Originally Posted by GregTraub
Which one do you think will prove accurate?[/url]
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The article doesn't make any definitive statements. It says things like "...is likely to be an increase in sales..." and "...greater than 50 percent chance of price declines..."
So my answer to your question is... I think that maybe the article could be right at sometime in the future.
The question of right or wrong time to buy is really a simple matter. If the buyer wants to buy, it's the right time to buy. If the buyer doesn't want to buy, it's the wrong time to buy. The buyer needs to decide that based on their motives. Is the buyer looking for a good price, or the right location, or does the buyer just need a place to live fast, etc.
There is a way to figure the average price per square footage of homes over history in every location. That is the actual home's value. Anything above that average is a premium anything below is a discount.
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Is it a good time to buy in Orlando?? Yes and No
It may be a buyers market but I don't see anyone really making a move. I hope people start buying I have a condo for sale.
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