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Wednesday, 19 December 2007
Are first-time home buyers fearing the worst?
Over the past few years, home buyers were coming out of the woodwork looking to purchase. Mostly first-time home buyers. What has really changed? Interest rates are now the lowest they've been all year, there is inventory galore, sellers are eager................. So what is stopping people from buying?
Fear. Fear that things may get even better? My opinion is that things are pretty darn good now. Waiting may or may not be a good option for people. Once everyone figures out that now is the time to buy everything will change once again. They say it's either a buyer's market or a seller's market, not both.