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Originally Posted by Fern
Good point, VJW, but i've been reading a lot about the stalled housing market and, what's more, the beginnings of an inventory glut. Those rising interest rates are working in tandem with ridiculous asking prices and more cautious buyers now sitting on the sidelines to see what happens. That will exert downward pressure on home prices, so i don't think someone who waits to build up their down payment will be priced out of the market.
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It all depends on where Billybob is looking to buy. I don't think the prices will drop in the midwest. East coast and west coast it's tough to say.