When is the best time to buy real estate again in the Sacramento, CA region?
403886
Time to think of other areas to consider...If you can afford it! It is a buyers market right now in the south east and soon the bubble will burst. So now is the best time to buy!
736146
I am planning on making the move to Western New York in spring or summer 2007.\n\nThere are lots of houses for sale up there, I assume you mean the Buffalo area not the city itself.\n\nYou should be pleasantly surprised with the home prices there.
105542
YES YES YES.  I am a retired California Realtor who was able to retire early thanks to a housing market similar to NY's.  You won't be able to retire off flipping one place, but you'll come out way ahead.  I don't know the specific prices in your market but you might check with my "source".
1166840
Resale homes in Fresno County have felt the pinch, as a month-to-month comparison shows prices falling from $275,000 in March to $270,000 in April.\n\nPersonally, I think that rising interest costs will force home prices downward, as speculators flee the market.  We're at a pretty high level of foreclosure rate and it's still climbing.  For the long term, buying property is always a good thing, but you need to make sure that you truly can afford it.  Just because you can qualify for a loan doesn't mean that you get to keep the property.  Remember that every person who has ever experienced foreclosure also qualified for a loan.\n\nYou seem like a forward-thinking young person who wants to have a good financial future.  Have you started your Roth IRA yet?  If not, put your money toward that, while you're young and can get time working on your side.  Click on my name and drop me a note if you want to learn a little bit about investing.  In the meantime, I urge you to read a book, "The Only Investment Guide You'll Ever Need" by Andrew Tobias.  It will give you a basic foundation on investing, including real estate.  Good luck!
808498
There won't be a crash, too many people want property as its the only real investment these days.  You should get on the ladder now before prices go up again.
257397
Now is getting to be the perfect time to buy and hold. We just came out of a huge sellers market. Prices are not skyrocketing like we saw last year, and it is taking a lot longer for real estate to sell.\n\nNow is the perfect time to buy, interest rates are on the rise which really brings in a lot less buying competition, sooner or later interest rates will fall again, you can refinance and you will look like a genius, buying when everyone else was selling.\n\nBUY and HOLD, best wishes!!!
145291
I suggest reading "Are You Missing The Real Estate Boom?" by Davie Lereah\n\nReal Estate prices can't go to zero, unless there was a reason for people to flee that area or the interest rates shot up suddenly and much higher than what we could imagine, whatever the size of that area. It's not likely that interest rates will shoot up quickly. So ask yourself if the people of the area you are thinking about have a reason to leave the area suddenly.\n\nIf they don't, then there will likely be no real estate bubble in that area. \n\nReal Estate is not a short term investment and it's not as liquid as stocks. Stocks can go to zero but it's EXTREMELY difficult for real estate to go to zero.\n\nThe real estate bubble scare has been brought upon by stock brokerages and/or the media since they are tied together or invest in each other. Don't buy into it.\n\nReal Estate is a finite commodity. However, stock shares can be split forever it seems. Also real estate is unique, even if it's in the same complex, if a condo. Is each share of the same stock unique? No! \n\nSo in my opinion, yes real estate can drop by 10%, 15% or 20% but I wouldn't call it a bubble. The price will likely come back up in time, unless the area has been cursed forever. For less risk, buy in an area that's got potential, is near good schools, near shops, near transportation, has a good real estate history and near jobs.\n\nMy strongest suggestion if you are serious in buying is to speak to a good Realtor, (go to http://www.ReferredPro.com) to be referred to one, who can give you some guidance, especially since they work with lots of people in your shoes who are thinking the same thing and lots of others who are making money in real estate. Warning: friends don't necessarily give the best advice, even when they think they are.
262049
Yes, it's always a good time to buy a home, if you need a place to live.
1006129
Housing prices in Los Angeles County as of May were still rising, but at a much slower rate than in previous periods.  In most other parts of Southern California, housing costs are either flat or are beginning to drop (most notably Riverside, San Bernardino and San Diego counties).  In other parts of the country, housing is starting to decline.\n\nI believe that in LA County housing prices will follow the rest of the country and decline for awhile.  Unfortunately, much of that decline will be triggered by rising interest rates.  So you have to ask yourself: do you want your payments to go into a house that is declining in value, or to interest payments to the bank?\n\nLong term, it doesn't matter when you buy.  Housing will always rise long term.  Many people who bought during the housing boom in the early 90s in LA County were downside for years after the bubble burst in 1991-1992.  The decline bottomed out about 1997 and many people had recovered their losses and were in the black by 2000.  People who held on through 2005 make a killing.  If you're planning to stay for a long time, buy now.  You'll be able to enjoy your new home longer.\n\nIf you're planning to stay a short time and perhaps move to a bigger house in a few years, wait awhile.  Once you buy, you can't negotiate a lower price for the house, but you can always refinance your mortgage if interest rates decline.
77509
Actually, it depends where you want to go. Flordia and California between Feb. and April. If you can afford to go to have fun and not worry about finances, check motel guide. If it tells you when prices are highest, that is the best time to go.
142606
It is said that the hotest real estate markets may go through a little pullback but that most locations might be ok. So if you believe this then no.\n\nThat cooling off was due to some december housing starts statistics, which actually drastically increased in Jan. The reason may be that the extra cold december shrunk the number and pent up demand plus the extra warm jan made it balloon to its highest level in 30 years. If you believe that then yes.\n\nBottom line is if you can buy a home for a price you can afford and will be there a while and are happy with it then do it, even if the market cools off you will be fine. If it is an investment, then make sure it will have a positive cash flow after all expenses. If you have a positive cash flow and the nmarket cools you can always hold it until it comes back without any trouble.\n\nIf those are not true for you then you probably shouldn't.
235973
Buy either. The market is great and will continue to be so as the LA area moves north up the coast.
559877
The Indian market is booming right now and the Real Estate is doing the BEST. So I would put my money on some property in India. \nGood Luck!
62743
Real Estate is predicted to decline by 5% in the next year in California. I just heard that report this morning.
725005
The market has changed in a lot of areas.   NO BUBBLE THOUGH.  the thing to remember is real estate is a local market.  That being said, these are the reasons a house usually sits on the market:  price, condition.  If it has been on the market since July, relatively that is NOT really a long time, everyone just forgot what a normal market was like in the frenzy of the past few years.  Now if everything else comparable is selling in a matter of weeks then again refer back to the two items above.  Some sellers are just testing the market, some really don't understand that the market determines the value of their home, not them, and some thought appreciation was going to skyrocket forvever instead of normalizing and so kept pulling equity out when they shouldn't have.  (that is a whole other story).  \n\nThere is not standard formula for determining when someone will drop their price.  Sellers are motivated by one of three things generally and which is their strongest determines their pricing strategy.  Time, money, or hassle.  Usually all sellers have all 3 motivations, but one is always the strongest.  If they are being transferred and have to sell in a limited time frame, then they will price slightly below market value, if they want (or need) as much money as possible and have all the time in the world, they may decide to price high (and end up chasing the market usually).  \n\nSo this house may be completely normal in days on market, it may be overrpriced, or it may be in bad shape, or the sellers could have all the time in the world to sell.  Your agent (not the seller's, get your own) should help you by determining market value, based on recent comparable sales, advise you as to market conditons and overall look out for your best interests and try to get you the best deal possible.  The listing agent's job is to do all that for the seller and they do not and cannot represent your best interests.  \n\nGenerally the seller pays the buyer's agent commission (the purpose of the MLS is to offer compensation) so it usually doesn't cost you anything to have your own agent.  I cannot stress this enough, GET YOUR OWN AGENT who will protect you and have a fiduciary duty to you!  And get one that knows what they are doing, that you are comfortable with and that you trust.  Their job is to advise you and help you through the entire process so you need to like working with them.
81947
Actually, prices are rising very rapidly. You should buy soon so you can make a nice profit in a year. Western North Carolina is really booming, and has been over the past year or so.
88473
Currently, if youre investing, I would advise Mysore, Karnataka; Jaipur, Rajasthan; Vizak, Cochin, Pune or places in Gujarat. Beware of letigation or fraud properties. It is definitely one of the best times to invest in India right now. And a very good idea to invest and lease. Gauranteed returns. But BE QUICK!