What Are the Realestate gods Predicting?

[yrush2000]

For those in the buying mood....www.homepath.com lists all the Fannie Mae REOs but many advise that these prices are still inflated. There is still some bottoming out to be come.

I prefer to wait and put my money elsewhere for now.

In most markets prices probably dip another 5-15% but the fact that if your looking for longterm buying or cashflow rental, you will get the pricing now.  its like saying I will not buy  a stock for investing because I think in 2 weeks the stock will go from $45 to $42 but yet in 2years I think it will be a $60 stock.  Prices go up and down.  What happened before will never happen again.  Bank on a modest 2-5% a yr when market rebounds with some flat years.  Babyboomers know best.  You bought a home and lived it in for 40 years.  Raised the family, etc.  Today people want to buy and sell in 2 or 3 years, take profits and what, buy bigger for same mortgage amount. 

[JeffreyTrain]

Recent court decisions and actions against the courts will effect what happens for real estate investing in the near future.

http://www.bloomberg.com/news/2011-01-21/faulty-foreclosure-case-in-massachusetts-high-court-may-hurt-home-buyers.html (Bloomberg) reports <b>Faulty Foreclosure May Mean Massachusetts Buyer Isn’t Owner</b> and the buyer has a clouded title.

http://www.zerohedge.com/news/guest-post-houston-weve-got-problem-bevilacqua At Zero Hedge, Tyler Durden goes into the many ramifications of this.

[matt-gerchow-real-estate]

according to marco rubel, San Diego is already on the incline again. 

I'd be saving cash though...there is still one more major crash coming.

Why...my sources at fannie mae say they have only released 25% of their foreclosures to market so far...

Which means we have 75% to go...

Happy house hunting!