Housing Market: Better Deals yet to Come?

[flip_it_fast]

House Hunters, you might want to put your hunting on hold for a bit. From what I just read house prices may double dip. They fell with the recession, rose a bit during recovery and now may drop once again.

Prices may be better than ever.

Then Robert Shiller, the Yale economist and co-founder of the S&P/Case-Shiller home price indexes, dropped this bomb: "There's a substantial risk of home prices falling another 15%, 20% or 25%," he said.

That's a stunning enough pronouncement to make house hunters consider putting purchases on hold. And that may not be a dumb move: If prices are near a double dip -- meaning they fell after the bust, rose a bit during recovery and are now heading back down -- there may be better deals ahead.

I have heard so many different predictions it's hard to know what to believe unless you follow the market at all times. I don't. But if you are thinking about buying you might want to do some research and see if you maybe should wait a month or two and see what happens.

[Lady Flipper]

Well, I think mortgage rates have bottomed out. Any cheaper and the banks will have no reason to lend the money anymore.