You have been predicting this for the past year and a half. And add in the 5 year and 10 year “interest only” loans that will re-amortize as 25 and 20 year loans, and we’ve got a real buyer’s market coming. Fastening seat belt. Oh, forgot about winter coming….slowest season in real estate. Prices are going to drop like a rock. Best buys are yet to come!
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Philip 09.29.09 at 8:24 pm
John,
You have been predicting this for the past year and a half. And add in the 5 year and 10 year “interest only” loans that will re-amortize as 25 and 20 year loans, and we’ve got a real buyer’s market coming. Fastening seat belt. Oh, forgot about winter coming….slowest season in real estate. Prices are going to drop like a rock. Best buys are yet to come!