For Home Buyers, Prices Aren't Expected to Get Much Lower

A sure sign that prices will continue to fall: http://www.cnbc.com/id/30455148 While housing prices are continuing to fall, prospective home buyers shouldn't wait any longer for the market to hit bottom, experts say. "Most of the big declines in home prices have occurred," says Lawrence Yun, the chief economist at the National Association of Realtors. "Any more will probably be minimal." Part of... [more]

A sure sign that prices will continue to fall: http://www.cnbc.com/id/30455148 While housing prices are continuing to fall, prospective home buyers shouldn't wait any longer for the market to hit bottom, experts say. "Most of the big declines in home prices have occurred," says Lawrence Yun, the chief economist at the National Association of Realtors. "Any more will probably be minimal." Part of the reason is that homeowners are becoming more realistic in listing their asking price. "Home prices are where they should be," says Robert Abbott, co-owner and VP of Abbott & Caserta Realtors in northern New Jersey. "Sellers are accepting the current reality and are pricing more realistically." LMAO. For background, from Lawrence Yun's predecessor: Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market (Paperback) http://www.amazon.com/Real-Estate-Boom-Will-Bust/dp/0385514352/ref=sr_1_1?ie=UTF8&s=books&qid=1241020730&sr=1-1 And if you like that one: Dow 40,000: Strategies for Profiting From the Greatest Bull Market in History (Hardcover) http://www.amazon.com/Dow-40-000-Strategies-Profiting/dp/0071351280/ref=pd_sim_b_3 And if you like that one, I have another investment opportunity for you: http://www.nyctourist.com/bridge1.htm [less]