analysts are 'predicting' a change in the market for 2005. interests rates are going to rise as of jan 1 and we will begin to see the affects (decrease in prices) in feb/march.
sophie78
Posted:
Member since
Re: For What it is Worth -> Real Estate
Ok...the reality is no one can predict what the market is going to do. People have been talking about the market crashing for the last three years. But the prices keep rising. I believe you have to find a house that you love regardless of whether it will appreciate or not because the reality is that you don't know what it will be worth years from now. Most likely, you will profit. But even if you don't for some freakish reason, at least you are happy with it.
cluelessbride
Posted:
Member since
Re: For What it is Worth -> Real Estate
I do think that there is like a frenzy, a feverish push for all young people starting out in a marriage, to buy a home. I wonder if it leads us to buy at any cost, we are (mostly) all so desperate to get into the market.
I know for myself I sometimes have to remember that it's not the best time for us, we have some debt to pay off and we want to find a place we love (or at least really like) and not just jump in b/c we are approved for a mortgage that is really more than we can afford.
