Is This Home Buying Spree Just Another Bubble?

**CharlesHeyward** · 11-23-2009, 03:53 AM

[FONT=verdana]You must be tired of hearing the

**markbrian** · 11-23-2009, 07:12 AM

With interest rates at such temptingly low levels and the great deals out there it can look like a great time to buy. But each person must think long and hard about their situation. The unemployment numbers are not getting better, and to me, until people have good paying jobs this economic mess will not get better.

**MinnesotaPropertiesOnline** · 11-24-2009, 06:27 AM

I would agree that now is the time to buy, but buy with the plan to stay for 3 to 5 years. When the tax credit comes to an official end I think we will see at least a 5% drop in property values and potentially more if unemployment doesn't improve and interest rates start rising. Keep in mind as well the 2nd wave of forelcosures are coming which could continue to put downward pressure on prices. Albeit, now is the time for investors to make their money.

**PreviewOrangeCounty** · 11-29-2009, 11:45 PM

It's a tough call and depends on the area of course. Low interest rates and bargains have definitely created a buying frenzy in most markets. In my market we have such low inventory that we can handle an uptick in foreclosures and short sales. If you have a long term horizon and need to take advantage of the other positives of owning (ie. tax write off) than now is the time in my opinion.

We will all look back at these current interest rates with "remember that time" as the historic average is around 8%

**markharris264** · 12-17-2009, 11:20 AM

Yeah there may be available a few. But you need to check them well 1st then only you can get one.

**rachel** · 12-29-2009, 12:25 PM

With interest rates at such temperately low levels and the great deals out there it can look like a great time.
Thanks.

**BoiseRealEstateSoup** · 12-30-2009, 10:00 AM

I have been in real estate since prior to the boom and bust and guess what, all I've ever heard people say is "now is the time to buy"...I've yet to hear a Realtor tell someone that now isn't the time to buy!

**Carla** · 01-16-2010, 11:15 PM

Originally Posted by BoiseRealEstateSoup

I have been in real estate since prior to the boom and bust and guess what, all I've ever heard people say is "now is the time to buy"...I've yet to hear a Realtor tell someone that now isn't the time to buy!

How true! Perhaps there's a greater implication to the statement "Now is the time to buy!" ....The more you buy, the better it is for the economy, and the better it is for the economy, the better it is for you. But of course, think before you buy!

**Codythebest** · 01-17-2010, 05:27 AM

It has to be a buy's time to buy now.
I made 10 offers so far on 10 properties in FLorida and have seen my offers rejected, not even countered. And the last 3 were 5% MORE than asking price!!
If there were foreclosure or short sale, I'll say OK but there were not even foreclosed or short sale. Amazing...