Maria Chavez over at Realtytimes.com has an interesting piece out. She claims that the longer you wait the more you will pay. Tell that to those who bought in 2005 and are now underwater due to declining values (see my numerous previous posts on price drops):
Market Values have decreased, due increased inventory in available properties. This pressuring available properties to be reduced for quicker sale. Buyers take advantage; this benefits you as you have more choices, although this creates the Myth "The longer you wait the lower the Price." The problem with that is, we may see Interest rates increase, and that will make it more difficult for Buyers, as they may loose out of the good interest rates we still have. Sooner than later the present inventory of available properties will come back to normal, then we may see prices come back up.
Sunday, December 10, 2006
Posted by Bakersfield Bubble at 5:15 PM