Comments on: Housing Prices Declining? A Redfin Agenda?

By: property in Vietnam

property in Vietnam — Mon, 24 May 2010 12:06:36 +0000

We only hope that the prices will decline and will encourage us to buy our own lot, but on the other hand, there are many taxes to take care of and it would be a pain too.

By: Sylvia Walker

Sylvia Walker — Thu, 17 Apr 2008 02:56:22 +0000

Thanks Julie and Red!

Yes, housing prices will continue to decline for a while, so it will be advantageous for only those in special circumstances to buy right now. However, it is a great time to figure out what you would like and be prepared when that right deal comes along.

And I agree, Red, that pricing is the key to selling in this market. Look at what is happening to the poor people on Pitcairn Drive that I mentioned in the post.

By: Red

Red — Mon, 14 Apr 2008 20:34:39 +0000

I like your honesty! Realistically, this may not be a good time for someone renting to buy anything but their perfect home for the next ten years… For someone who already has lots of equity, who wants different features or a home in a different place, then this is a wonderful time to buy, the transaction costs and property tax will be lower than a few years ago, and the loan rates will be rock bottom. Just price it right and sell the current home first…

By: Julie Lance

Julie Lance — Mon, 14 Apr 2008 16:06:36 +0000

Yeah, you tell ‘em Sylvia

No, seriously, right on. I take pride in posting only what is a true reflection of my own thoughts an analysis…

And, yes, I think prices will continue to fall. Aside from price reduction history, just check out the inventory levels.