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Account Closed
  • Tucson, AZ
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Are prices going to start up again?

Account Closed
  • Tucson, AZ
Posted Aug 3 2008, 10:48

I just got an email from my realtor regarding my decision to wait a little longer for prices to come down more. She said this:

"Sad to say that all indicators show that prices will start ticking up not down. The builders are bringing down their inventory so that isn't an issue. Plus it looks like the mortgage companies will be bailing out the folks who may lose their homes due to subprime or whose ARMs will be too high for them to afford. So there won't be too many of those bargains left. Right now the mortgage companies don't really have a choice. Either they help out or they go under themselves. The gov said that he's going to come down hard on companies if they don't help out but I think it's going to come down on a more national level. "

What do you all think--is that what you all see? What of the forecasts that say that things will continue to get worse for another year or so?
thanks
ofgift

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