Will 2008 be the year you buy a home? Maybe a better question could be “is anybody buying in 2008?”
This article suggests “given current state of the housing market, you certainly don’t need to be in a rush. As my Money Magazine colleague Amanda Gengler pointed out in our December cover story on the outlook for 2008, house prices are already down more than 4 percent from a year ago.”
Since the national housing market is really a collection of many local markets, and the prospects can vary considerably from one locale to the next, you really do need to do your homework with an eye on how your current, local market conditions are faring.
Property prices of different cities and communities can be researched by using trulia.com, zillow.com and homegain.com, as well as the nationwide brokers’ sites.