There’s a great article in the New York  Times touching on this very topic.  I have many clients waiting for home prices to further drop before finding their home match but the reduced home prices should be balanced with the rising interest rates.  Unless you are paying cash you may pay in an interest rate what you’d be saving in a reduced home price AND all the while missing the time you could be spending in your new home!  A great lender, Steve Nassar of Alpine Mortgage says: (more…)