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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Oblomov who wrote (1164)12/11/2001 11:52:58 AM
From: TradeliteRead Replies (4) of 306849
 
<<I will likely buy a house in the next several months. But it will be on my terms, not the bank's.>>

Hmmmmmm.....I figured you didn't own one yet, or you wouldn't be so negative.

Here's some advice worth exactly what you're paying for it: don't wait several months---you'll hit either the beginning or the middle of the hottest selling time of the year---late winter/spring market, just when most people start looking for homes to move into once the kids finish school in May or June and when corporate relocation comes more heavily into the picture.

Slight increases in interest rates might scare more people into the market, too. And if the market has been slow for a while, pent-up demand has a spectacular way of busting out of nowhere. Good luck and happy hunting, though!
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