Ready for a new year without so much fear!
OK so it may sound glib, but I do not think everyone should base their personal decisions on the wildly varied economic projections, V shape, U shape or W shape notwithstanding. Call me crazy, but since you are buying one house at a time not all of the homes in America, you can negotiate to your advantage one house at a time.
What if your broker can produce a price discount on your new home equal to the bottom of the market now while the tax credits are still available, and interest rates are low!
All of the doom and gloom news is actually producing a marvelous opportunity for buyers to get into a home they love that is 20-30% less expensive than it was a couple of years ago.
On the other hand, if you are waiting to sell a home you do not want anymore, why not give it a try at a price that would make it worth your while? Your personal happiness and peace of mind are more important than the pursuit of maximum profit.
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