Unfortunately only sheer dumb luck will allow someone to buy at the absolute bottom of the market, because the only way to gauge the bottom is when it starts back up. What a buyer must ask them selves is if the purchase makes sense. Interest rates are at historic lows. The value of many properties have fallen as much as 35%-40%. Many thanks to Gary Keller who provided the graphic below.

Posted on Friday, April 24th, 2009 at 10:31 am and is filed under Questions and Answers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.