Comments on: Housing Prices Drop, Affordibility Improves, Buyers Return, Media Notices

By: Murfreesboro Townhomes For Rent

Murfreesboro Townhomes For Rent — Tue, 14 Oct 2008 17:33:27 +0000

Its true that prices are down and its a buyers market but if the lending community does not change the way they operate things will only get worse. I still see companies offering 0 down which in my opinion is stupid and just asking for trouble, if you can not afford 10 to 20% down you should not consider buying a home.

By: Seanster

Seanster — Fri, 03 Oct 2008 18:29:35 +0000

It’s a good thing that we’re back on track. “even if it is a dead cat bounce”, we still have to be thankful for the resurgence.

By: Joe P

Joe P — Thu, 22 May 2008 13:46:42 +0000

Kirk, well said. If we raise interest rates over the next 3 months would that accelerate a needed decline in prices or completely collapse the mess?

By: Kirk

Kirk — Thu, 22 May 2008 03:17:37 +0000

If rates increase, real estate is in for a hell of a ride down. Homes might be somewhat affordable at these historically low rates. At higher rates, homes are grossly overvalued.

By: Shell Smith

Shell Smith — Wed, 21 May 2008 23:01:09 +0000

I totally agree with Joe P. I think that areas I am interested in are out of control. I have been looking for real estate in Florida for example, and still think a decline is in order.

By: Joe P

Joe P — Wed, 21 May 2008 14:38:52 +0000

“Dead Cat Bounce” perhaps. I think there is a little ways to go but things look to have slowed. There are still regions where pricing is still completely out of line and should continue to experience a decline.