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Frequently asked Questions and Answers
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Why buy now, when it seems like
maybe we're on the verge of a real estate bubble?
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The real estate market is really
not something that lends itself to such broad generalizations.
Sure, maybe $1 million+ homes in one part of town are sitting
on the market a bit longer and the prices are coming down
a bit, but $350,000 multi-family homes in on the other side
of town often fly off the market above asking price in a few
days if in decent condition. In this market, different price
ranges and areas are heading in different directions, so you'd
need to get more specific about the type of property you're
looking for when it comes to this issue, and even so, it's
really hard to know what will happen in the future in any
market.
Probably the best idea is to buy a home or condo you can be
happy with for the long term, and not be so concerned about
small price fluctuations in the near term.
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Answered by
Jeffrey Sanchez
of Somerville, Massachusetts |
