Quote:
Originally Posted by retiredguy123
If you look at the asking prices for pre-owned houses that are less than 5 years old, you will see that many sellers are asking as much as 40 to 60 percent more than they paid for the house. So, I think it will be a huge buyer's market in the next 3 or 4 months, because these sellers will need to accept substantially lower prices if they really need or want to sell.
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Securities have taken a significant hit and it may not be over. This of course affects people just retiring who may need to lower their future income stream expectations. This may mean less house. People who are already retired may want to examine their financial situation as well. Some may need to downsize.