We hear that all the time by realtors and the MSM. It seems like there is never a bad time to buy. Weren't they saying that in 2001, 2005 and still saying it today? What they are really saying is "it's a great time to buy as long as there is a commission." If you are in the market for buying a home then you may want to do some extensive research before you buy and don't rely on info from the National Association of Reators. In 2005 when prices were climbing the chief economist for the NAR, David Lereah published a book entitled “Are You Missing the Real Estate Boom?” Mr. Lereah later reportedly acknowledged he had gotten it wrong. Well he wasn't the only one as many people got it wrong.
Here are a couple articles on the subject;
Most Troubled Real Estate Markets
Great Time To Buy
There are many more articles if you look.
As always, keep your eyes open....
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