I am giving my 2 cents on the article (link below) on the “here we go again” analyst’s predictions.  The ability to tie the GDP to the housing market’s performance has merit, but is it really enough of a trend to tell?  Since there is new inventory being released by  the banks (REO’s) and we are ready to reset with the 5 year ARM (over 1 million mortgages, and more than half the country will be effected by the seasonal change in sales (it’s called winter) for the 5 months, and the Unemployment rate still carries itself in the 9’s, and so on…

So the real question is how low will it go from here?  And, will it be best to invest in a home later.  Well here is the way I look at it….it depends on how and why you invest.  if you are investing in your home for a place to live and hold for a while, then yes the time has been and will be NOW.  If you are buying to flip (as in fix it up, wholesale it etc.) then it will depend on your strategy.  The reason why I do short sales is because it is the BEST WAY to create a discount and resell for a profit. I can even say that if you were to short sale and buy the property for an investment it is great way to DO IT NOW (see the 1st reason I said buying now was good).  Now this main seem elementary, but I have to tell you that confusion and fear play a major factor in buyers decisions to buy.  When I first started real estate investing I remember a seasoned investor telling me, Mike, “You want to deal in motivation, that is motivated sellers and motivated buyers, but you have to get past their fear of getting screwed, versus their motivation of needing to decide.”  And ,yes that told me the historical truth of people not doing the obvious until they are absolutely sure.  We’ll that is when you trust an expert and go off their advice, even in this crazy market.  So whether you NEED to SELL, or WANT to BUY, I suggest this one question.  When would NOW be a good time to do it?

http://realtytimes.com/rtpages/20091020_realestateoutlook.htm

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