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September 13, 2007


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To my mind, there is no doubt that most markets in the US are in turmoil. Prices will only get better for buyers. It makes sense to wait!!

With a 9 to 10 month inventory of houses, it's going to take a loooong time to get down to normal 2 to 3 months of inventory. At best, we can decrease our inventory by 2 months every year.

We're waiting another 6 months and then looking more seriously. By then we will have our 2nd car paid off and have more saved for the down payment.

Not to mention there is one house near us we've been watching. It started at $275,000 and is now down to $215,000 list. I told the wife if it doesn't sell by the end of winter, we should offer $180k and see what happens.

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