Buying a home now? Housing Market

[SoundAdvice4U]

Originally Posted by bmw335xi

I would definitely wait then. I truly believe this will lead to the next recession and you will get much lower home prices in the next 2-3 years. Of course this is my personal opinion. If it will be your primary house, I would say go for it, but a second home, I'd wait.

If the original poster is simply buying a new house and selling the old one, they may as well do so now while prices are high. If your prediction comes true and housing prices collapse, then the lower price for the new home will be offset by the lower sale price of their existing home.

[RationalExpectations]

Buy contingent upon selling.

No one can time the market.

[Rakin]

Originally Posted by RationalExpectations

Buy contingent upon selling.

No one can time the market.

In a sellers market that is near impossible to do. And much depends on the price range.

[artillery77]

Each local market will react to the stock market differently. The correlation tends to be low. It's noticeable in this area, but was not in others I have lived in.