October 26, 2007
What Do You Think of Real Estate Prices?
Hello11 asked:
I think they are too high still. Especially in areas like Phoenix, Florida, California and Las Vegas where the prices where driven up. I think 2008 might be the best time to buy homes in these places. Am I wrong?
I think they are too high still. Especially in areas like Phoenix, Florida, California and Las Vegas where the prices where driven up. I think 2008 might be the best time to buy homes in these places. Am I wrong?
 |
 Mobile home adult community Vero Beach Florida 55 US $2,700.00 |
 2BR Marriotts Royal Palms Timeshare Orlando Florida US $100.00 |
 FLORIDA 2006 Lehigh Acres 3 2 2 NEVER LIVED IN US $54,500.00 |
 31 AC CENTRAL FLORIDADIRT ROADSDISNEY BEACH NEAR US $202.50 |
 2 BR ORLANDO Florida RED WEEK Disney TIMESHARE DEED US $297.00 |
 Wyndham 168K POINTS Five Star SOUTH FLORIDA Timeshare US $297.00 |
 WALT DISNEY WORLD Five Star ORLANDO Florida Timeshare US $97.00 |
 Wyndham 154K POINTS Pompano Beach FLORIDA Timeshare US $597.00 |
 Florida KEY LARGO Red Week BAY VIEW Timeshare DEED US $1.00 |
 2 BR ORLANDO Disney FLORIDA Lakefront TIMESHARE Deed US $97.00 |
 2BR SHERATON VISTANA Disney FIVE STAR Florida TIMESHARE US $1.00 |
 WATERFRONT PORT CHARLOTTE PUNTA GORDA FLORIDA LOT LAND US $10,500.00 |
 3 BR Lockoff DISNEY Orlando FLORIDA Red Week TIMESHARE US $1,297.00 |
 2 BR Gold Crown FLORIDA Daytona OCEANFRONT Timeshare US $1,797.00 |
 2BR MIAMI Red Week BEACH Lauderdale FLORIDA Timeshare US $297.00 |
 60K RCI Points FLORIDA Gold Crown DISNEY Timeshare DEED US $1.00 |
 WESTGATE ORLANDO II FLORIDA TIMESHARE DISNEY LAKE GOLF US $.25 |
 Florida GoldCrown 168K Wyndham Points Timeshare 4 Sale US $100.99 |
 Palm Beach FLORIDA Gold Crown 2BR LockOFF RED Timeshare US $1.00 |
 Wyndham SOUTH FLORIDA Beach GOLD CROWN Timeshare DEED US $97.00 |
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Comments on What Do You Think of Real Estate Prices?
I agree. Too high. I believe that the end of 2007 or the beginning of 2008 would be a good time to buy, unless you can find a foreclosure.
I am in So. Cal. looking at homes. A lot have been on the market for over 9 months, there are no buyers right now.
Yes, prices are high, but in some markets I think the may have bottomed out but it’s always just speculation. One BIG argument for buying now is that interest rates are near historic lows. If you wait, sure prices could dip a little more but interest rates could go way up meaning you would still be paying a higher mortgage.
In Northern VA, tax assessment for home values in different counties have dropped about 3-7% according to yesterday’s Washington Post.
ok, i’m a realtor here in las vegas and #1 there ARE buyers out there. about 60 to 70 homes are CLOSED sales every day here. why? because interest rates are low and it’s a BUYER’S market. #2 if you try to speculate on when to buy you’re going to get it wrong. if you find a house you like and you can afford it, BUY it because there are so many factors in home prices. if anyone could accurately predict home sales and prices they’d be the richest man in the world.