Housing Sales Will Get Worse Before Better

[hometowngrl53]

Home sales in January fell to the slowest pace since 1999, says the National Association of Realtors, nearly 24 percent below January of 2006. But in the crazy world of economics, that's good news.

After learning that home sales dropped less than half a percent in January, Wall Street's traffic light turned green, because the news was better than expected. Single-family home prices made an attractive drop of five percent from a year earlier to a median price below $200,000. Condos dropped only one percent year-over-year to $220,000.


read here http://realtytimes.com/rtpages/20080...yviewpoint.htm

[flippinout]

The advice about not putting your house on the market right now unless you have to, is very good advice. Its better to wait and get the price for your property that you want later, than to sell now and take a big loss.

[badmomma]

I want to seel someday soon. I just don't want to loose any money. I want more land and a much more modern environment. That would be hard to do with less cash.

[flip4u]

Just with all things this to will pass if at all possible if you can wait to the market increases you will get a get a more profitable price for you home that will be more in line with your home’s value.

[thohome]

I agree this will pass.. If you can stand to wait to sell your home do it.. The market will become strong again.