[QUOTE=Randall55;2290954]Possibly. But new frame homes are also sitting. I received an updated list of new homes that have reduced prices. The count is now 200+. About a month ago, 75 new construction homes had a discounted price.
I agree with the posters on this thread. It is not a good to buy. It is anyone's guess what will happen in the next few months.[/QUOTE]
Then how do you know it is not a good time to buy?
How do you know this is not the bottom? When will you know it is?
If your only concern is making sure you don't buy at anytime BUT the bottom, and you don't mind missing out on the home you want at a decent price, then you can wait until that perfect moment, assuming you recognize it when you see it, however, if you are retiring, or planning on buying a home that you will live in long-term, then does it really matter if you hit the absolute perfect moment?
Unless your intention is flipping, why wait? We aren't getting any younger.
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