20.10.2011 - What to do if you plan on buying a home next year
Even with interest rates and home prices at all-time lows, many potential home buyers, especially first-timers, are on the sidelines. They're concerned about the economy, their job, their savings, or their ability to actually get a loan. But real estate is cyclical. If you look at the past 50 years, real estate has gone up and down. We've been in a down cycle for some time now - which followed many years of an up real estate market. It's inevitable that buyers will gradually move off the sidelines and start making their way toward the end zone again..............................................Full Article: Source
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