Now Is the Tiem to Buy

[Kimberly S.]

The following article was posted in CNN Fri Dec 2, 2010. I have to say as a casual observation, that in Warwick NY we are seeing an uptick and buyers walking into the office. Many are still sitting on the fence, but the activity is encouraging. I believe the report below to be dead on. But I also believe we are near the bottom - buy now.

CNN Reports:
House hunters are too scared to buy despite low prices
Despite some of the best home-buying conditions in years -- affordable prices, low interest rates and lots of choices -- fear of buying has infected the market.

It has paralyzed house hunters, making them unable to pull the trigger even on attractive deals. Some are worried about making the payments, while others are convinced they'll save even more if they wait.

It's perfectly natural that they should feel that way in the wake of the housing bust, said Lawrence Yun, the chief economist for the National Association of Realtors. "It's like when the stock market is crashing," he said. "People are waiting to see if deals will get better."