Where is the Bottom of the Market?
Friday, December 12, 2008
One of the most common questions I have been asked over the last year or so is …Do you think the real estate prices in Stockton will continue to decrease? …Should I buy now or wait a little longer for the bottom of the real estate market? …Is it a good time to buy a home? I tell my clients to carefully think about their financial situation, the reason why they want to purchase a home, and then make a decision that they feel most comfortable with regardless of the pressure of other factors. If you are waiting for the bottom of the market you will be sure to miss it!
Some of my investor clients and other contacts around Stockton feel that we have finally reached the bottom of the real estate market in our area. The prices are extremely low and interest rate are on the way down too!
I have one investor who is buying as much as possible to make up for past investments that have little or no equity now.
