is the real estate market going back up? i know that its suppose to be a really good time to buy right now but will it still be in a few months? whats expected to happen with the real estate market?
If you look at the history of real estate, yes, it has always gone back up after a drop in the market. Right now it is a buyers market, meaning there are some real good deals out there.
We haven't hit bottom yet with the foreclosures. It will continue to be a good time to buy for about another year if you pick up properties at wholesale.
I am in the market now and a few realtors have told me that the market will not return to its baseline until 2008 to 2010. I imaine that you will be in good shape in a few months, although the market tends to heat up a little in spring. Winter is a good time to buy because only people who need to sell have their houses on the market. You can find a local realtor who knows your market well. They can tell you what you need to know about the specifics of the market in your area. Good luck!
