[carolinalivin]

Yesterday, I did some planning with a guy who thought his townhome was worth 700,000 (last year's appraisal). The comps since then are 639-659,000. Went to an open house nearby before I saw him. Great house, more square footage than his and $650,000.

Some one has to bring the facts of life. It's a bad time to be a seller. However a good time for buyers and investors.

[zek157]

I believe its a good time to buy IF you find something you love. Otherwise I thing the market has another 12 months of correcting for the bargains to start. If the market is slow this spring the fear will begin through the rest of the year. I may be wrong, but I don't see any fear driven selling yet.

[RobRoy]

>>However a good time for buyers and investors.<<

But not as good as it's gonna be! There is virtually no risk in waiting this out, but LOTS to gain. There is LOTS of risk jumping in now.

After all, a home that was worth $500k and is now at $450k looks like a good deal, until it's worth $350K a year later.

I used to sell CD players for $1,299. They looked like a steal when they went down to $799. They weren't.