Just getting married and looking to buy a home should wait for the second down turn. This could occur between next year and for the next few years to come. Waiting and continue to rent untill prices come back to higher levels. Buying a home then the rates will be down for a 30 year mortgage.
Trading-in homes are likely to continue to decline or remain for the next decade. More affuent households may find that they can afford a larger home eariler in life as the prices in this area fall. Appreciation potential maybe less for some years to come so, plan on years before another move.
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