The US housing market has turned into a sellers market in some parts of the country. Many people are afraid of buying homes today when they feel the price might go down in value the next day. State hardest hit are California, New York, and Detroit among others. There were however, a few cities that actually still had housing value increases which included Portland and Seattle.
I know I am looking to buy a home soon, and I surely will try to wait it out a little before I buy a home. I dont want to buy a home if its value will decrease right after I buy it. The last housing slump took about 4 years to level off and rebound. 4 years is a long time, I dont know if I can wait that long, but hopefully the market will come around.
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