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When will house prices start to fall?
The price of houses is ridiculous. When will the market start to fall again so I can get a place? I’m sick of renting!
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They already have. It depends where you live. With lower housing prices though we have Higher Interest Rates…. prices aren’t going to drop that much there will be a major foreclosure issue
Yes, in many areas thay already are falling. You might try and find an investor that buys foreclosure homes and see if they have any for sale.
I would not advise you to go buy a home at a foreclosure sale unless you have some expertise as that is a risky proposition. If you do, find a good real estate lawyer to help guide you.
But, there probably is someone in your area who professionally buys foreclosed homes and re-sells them. Generally, they buy teh homes at a discount and may have lower pricing.
Also, look for places offering lease options.
Now! Watch the interest rates and the origination fees. Stay away from interest only and subprime loans.
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