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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Fri, 26 Aug 2005 21:00:21 GMT /

Author of the message: "Joe"

Title of the message:
Question: Buy Now..or Wait?

Text of the message:
Hi,
Although I follow real estate new somewhat, I wanted some straight foward opinions on the current housing market from
others.
I just sold my principle residence having the feeling that prices were about to decline ( I owned in one of those double
digit increase areas in suburban NY).  I enjoyed watching the prices go up, up, up and figured it's time to jump ship
and rent for a while. I realized an 800% gain.
My question is. With the high heating costs anticipated for this winter, the overheated prices, the increasing taxes and
interest rates, when do you think it would be a good time to jump back in? How much will prices declince before settling
down again?
I read where inventories are way up in many areas and this will pressure price declines and trigger another buyer's
market that we saw a decade ago.  What regions are most susceptible and where is a good place to invest in real estate
now..or in the future?



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