AP poll: More avoid buying homes »
Posted By engineer 5 months, 3 weeks ago in Business & FinanceA growing majority say they won't buy a home anytime soon, the latest sign of increasing pessimism about the nation's housing crisis, a poll showed Monday.
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engineer
Hi My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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engineer5 months, 3 weeks ago
Sixty percent said they definitely won't buy a home in the next two years, up from 53 percent who said so in an AP-AOL poll in September 2006. At the same time, just 11 percent are certain or very likely to buy soon, down from 15 percent two years ago.
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newbie04205 months, 3 weeks ago
Well we just sold my Dads house after almost a year on the market (15k less then we wanted) and if all goes well I'll be buying a new house in a year or so after I do some work to my current house.
I'm just hoping intrest rates stay low as I'm only paying 5.5% and wouldn't want to have to pay too much more.
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quackpot5 months, 3 weeks ago
Better be careful with the interest newbie.
The Fed is looking seriously at the BIG WHAMMY - inflation coming our way, which would be no surprise given the HUGE infusion of newly printed dollars into the system on top of the already weak dollar.
Once inflation is even suggested, FORGETABOUT long term 5.5% loans.
Since interest costs are about equal to the cost of the house, you might start looking sooner rather than later.
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DaneL5 months, 3 weeks ago
NOW is the time to buy a house. I bought one (since the crash) other than the one I'm living in and plan on buying another very soon. Everyone knew the market was going to drop. Why would you buy high and have to sell low. Sell your home(s) when the prices are high and buy when the market is low, pretty simple.
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PresidentBuckheadd5 months, 3 weeks ago
This is horrible.. with the banks giving out less and less loans... America just might fall..
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