Almost August, whats there to come?
Well rules of economics and how to stimulate... Supply and demand is a model of price determination in a market. High supply and to create demand we must adjust price! This is very true. We may not notice, but when any product is on promo the price is then adjusted to attract buyers and create demand. Or there may be a promotional gift at the regular price to provide more value to the purchase.
We are talking houses and property. Unfortunately, we cannot be giving away a few lambourghinis with those Million dollar homes ! How's that as a stimulus package.
So do we wait it out before Buying? Why not find what you like and negotiate the ideal price?
Do I wait before selling? If you wait, do you need to buy? Sell high, Buy high. Sell low, Buy low. I vote on selling and buying low- you save on the lowered taxes, fees, total interest amount and the fact is our income is not increasing that rapidly, it is absolutely easier to get a mortgage and your down payment is much larger in turn.
Some one must take that first plunge and the market will follow.