1. continue wntihcag the housing market.2. only buy, if a good opportunity presents itself.been wntihcag RE for years, prices are a lot better but not where i want them to be.as long as prices are dropping, i'm waiting.when prices flatten or turn up, that's when it gets tougher to make a decision, since you don't know if it's a false bottom or a true bottom. the best thing to do (i think) is wait even longer to confirm which it is. this way, while you -will- miss the bottom you won't catch a falling knife like so many in previous years.last year, for 2011 i predicted a smallish 5% year-over-year drop in CS Index nationally.this year it looks like it'll be less but i still expect prices to be lower in 2012 year-over-year for the national (20 city) CS index. Rate this comment: 5 1
by Nashjun 05:21:43 AM 2012.07.26 |