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« It's All Starting to Make Sense | Main | What Does $4.2 Million Buy You in Sausalito » April 16, 2008Looking For Good News Anywhere I Can Find It...Brokers feel a pulse in home market I'll be the first to admit finding good news about the real estate market these days is getting tough... And no one wants to hear the market is improving more than a potential buyer waiting for a sign that the market has rock bottom.. while I can't say if that has happened... here's a little ammo to say things might be coming around... if you're a buyer Posted by Jeff Brooks on April 16, 2008 11:18 AM | Permalink TrackBackTrackBack URL for this entry: Comments |
Well, I dunno. As a buyer, the first thing I consider is that every thousand bucks I put on a mortgage today means several thousand dollars more I'll be paying over the life of the loan. So my first priority is price - and a falling market means lower prices ahead, and hence more savings for me.
On the other hand, if I'm thinking in terms of an investment only, then yes, of course, I'd like to buy at the absolute bottom and then see a big turnaround and increase in the value of my investment.
I just don't think that most folks look at their home solely as an investment - they are more concerned with how big a bite the payments will take out of their monthly income. I am personally aware of many buyers who wanted to know only one thing about a house/mortgage package - "Okay, bottom line, how much for my total monthly expenses?"
Further, I don't think the cite is particularly hopeful for sellers - it emphasizes that sellers had better be prepared to take a big hit in order to sell to the very small group of homeless DINK buyers the article is talking about. Everybody else has to sell a house into a bad market in order to buy a house (in a bad market?)
Posted by: Bill Quick![[TypeKey Profile Page]](http://www.dailypundit.com/sfrealblog/nav-commenters.gif)
| April 17, 2008 07:16 AM