Hi!
I am looking for information, or where I can find information on a certain real estate market, for Conway, North Conway, Bartlett, NH.. etc. I know where I can find tax rates and such.. but what I mean is information about the market conditions. I know most of the nations markets are crashing right now because of the credit issues and such, and all I can seem to find are statistics and such for bigger metro areas and well known large cities which really helps me none because I wouldn't be buying there.
My boyfriends co-worker who is also a real estate agent in the area said that in about 6 months the prices should be lower and it will be more of a buyers market.. what I am wondering more is to find information about when the market is foreseen to stabilize and prices to go back up, and when the market will become a really good buyers market.
What we are trying to do is save a 20% downpayment and closing costs and such, which will take us at least 2 years.. maybe 2.5-3yrs so I am worried the market will be in a boom again by then, or just that the prices will be higher than they will be next year.
I am debating saving a bit less than 20% and getting PMI if I need to so that I can get a better deal on the home itself, and while the interest rates are still lowwwww, but wouldn't want to get screwed in the end if I could have just waited that extra year to save the other % to have 20%. I have great credit so I am sure I could get a good loan anytime that I decide is the right time. I am talking credit score in the 'excellent' category. So I am not worried about high rates really, but if the feds spike the rates back up and such, I would be stuck with a higher rate than I would get if I financed sooner.
So, more specific carroll county market conditions would be ideal, and the specific towns even better. I have been unsuccessful in my google.com search
Thanks!!!