I mean in the Santa Clara County area. Will the new home prices contiue to drop a little bit more in 2008? What about the jumbo mortgage rates. Will they drop or increase by the end of 2008? Should I wait until 2009 for the best prices?? When will home values in this area start to increase again???Is it the time NOW...or sometinmme in 2008 the TIME to buy a new house in CA?
Be weary of anyone claiming to know the answer to when prices will start to increase again.
Remember this: There's never a bad time to BUY real estate, there's only a bad time to SELL real estate.
Check out this article about timing real estate markets:
http://www.crystalclearmarket.com/?p=12
There's a series of 3 articles relating to timing real estate markets.
Hope this helps. Good luck to you!
Elliot Lau, Realtor of 22 years.
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