Filed Under Housing Market, Selling · Tagged: Housing Market, Hyde Park, Listing, market, Pricing · Print This Article
Another article about the over supply of homes, this time focusing on new construction, suggests that the bottom is not here yet. A Wachovia economist suggests that the housing market will not hit bottom until mid 2009 to mid 2010. While I agree no one has a crystal ball, mid 2009 is over a year from today, and next summer or the summer after may be the bottom. What that means to the home SELLER, SELL NOW! If you don’t want to lower your price today to get your home sold because you want more equity, next year will likely give you even less or bringing money to the closing table. Which is worse, less money this year, or having to pay money next summer or the summer after?
From the MSNBC Article: http://www.msnbc.msn.com/id/25821231/
No sign yet of a bottom in home prices
Rising foreclosures, big new-home inventory push recovery into next year
by Paul Sakuma / AP file
When will home prices stop falling?
The answer is critical to millions of American homeowners who are watching their home equity melt away or are unable to move because falling values have sent potential buyers to the sidelines. Even if you don
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