You hear the term ALL the time if you are in real estate (sometimes even if you aren’t), am I right?!
Most agents truly believes it is. (Article)
So let us take a brief look at it:
U.S. real estate sales are at all-time lows, many pundits profess.
Yes, you can get what most would consider an outstanding price on a first home, or an investment home.
I myself recently bought a house for about 35% under its appraised value.
So I am certainly not going to argue that it isn’t a buyer’s market!
But I will say this, in my humble opinion: be careful not to buy JUST because it is seemingly a good time to – noone that I have heard of lately truly knows what the U.S. economy is going to do. Stay tuned for more on the subject…