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Old 01-20-2009, 05:04 AM
 
7,126 posts, read 10,727,756 times
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For those that are sitting on the fence about whether or not one should buy a house in this market you might want to read front page of the real estate section of the Sunday edition of the NY Times. Article is entitled "For the brave the Moment in Now" (Jan 18)


Disclaimer: I am NOT a real estate agent so don't go there.

john
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Old 01-20-2009, 07:15 AM
 
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Several of the houses in our neighborhood had some showings this past weekend. That is the first in a long time.
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Old 01-20-2009, 07:28 AM
 
72 posts, read 199,015 times
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Quote:
Originally Posted by ssd3 View Post
Several of the houses in our neighborhood had some showings this past weekend. That is the first in a long time.
Likewise, I think the market is easing up some. Most of it I think is the interest rates.
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Old 01-20-2009, 02:43 PM
 
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alot of foreclosed properties in South FL (where I came from) have recently sold as well. Seems to be picking up alot around all over?
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Old 01-20-2009, 02:48 PM
 
Location: North Carolina
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Maybe some warmer weather will open those frozen wallets! Spring will be very telling this year!
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Old 01-20-2009, 02:49 PM
 
Location: Up above the world so high!
45,246 posts, read 95,006,334 times
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Quote:
Originally Posted by ssd3 View Post
Several of the houses in our neighborhood had some showings this past weekend. That is the first in a long time.
Two homes in my neighorhood went under contract in the last two weeks (one was only on the market about 6 weeks!). Glad to see not all buyers are afraid to make a move.
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Old 01-20-2009, 03:18 PM
 
630 posts, read 1,769,117 times
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Studies have shown that its not the interest rates that are the gating factors for people buying homes or cars, it's that people have little to no confidence that they will have a job.

You could have a 0% rate and people still won't buy if there are layoffs in their company...unless they are the ones doing the laying off.
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