Posted on August 03, 2009 by admin

If you’ve been renting for the past few years or a first time home buyer, that’s great. You’ve saved yourself a hundred grand! Now’s your chance to jump into the market and buy a house.

Here’s how I look at it. A house that was $250,000 a year ago might be fairly priced today at $200,000. Undoubtedly, one of the thousands of homeowners trying to sell a house for $200,000 these days is desperate, and would take $150,000. Their place has been on the market for six months or more, without a single offer.