Seattle Bubble Forum Archive

Ok, so, I'm planning on moving back into my post-water-pipe-break-flooded-now- renovated apartment this weekend (all things considered, it still looks to be better than the local huge complexes). I'll still be month-to-month, ~$1K for a 2/2 with a garage in a no-pets 6-plex. My thoughts are to keep stashing away the cash and look to buy a SFH late this year, say Aug/Sep/Oct, in the south Snohomish county area. I think prices in SnoCo will still drop a bit over the next few months, negating the $8K tax credit, and I will have a reasonable inventory to pick from. Thoughts on the housing market for the latter part of 2010?

Seems like a decent plan to me. I also think that prices will be a bit lower in the fall, so I can't see any harm in waiting.

I got hammered by someone else for saying this but in my opinion, we'll still see somewhat of a decline in areas after the tax credit expires. I feel the tax credit is artificially lifting up certains areas.

The fall is always a good time to buy plus the tax credit will have expired so I say you have a nice little game plan there!

Josh Sanders
Founder,

Plus interest rates should be higher, putting further downward pressure on prices. 50% chance that all gov't housing programs will be extended during this election year.