Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Renting & Real Estate

Prices are going to come down?


I just recently moved back to Richmond (a week ago) after being in Richmond, VA for 4 years. I want to buy a house on the west side/upper valley for around 140,000
I looked at newly constructed homes, but they're out of my price range (starting in the 190's) Some family members told me to wait a few months because prices are going to come down. Is that true? Does anyone have any insight? Any help or suggestions would be much appreciated.

Thanks!

To the guy from LA, prices there are so high because people living there are crazy. Now that the bubble has burst, prices will correct some.

In more reasonable areas, $140k can buy you a new lower end 1400 sq ft house still. I am not familiar with the market in Richmond, but prices have not dropped everywhere. Here in Raleigh, we've had no such trouble other than a few extra days on the market. It's entirely a regional thing.

A real estate buyers agent would try to get you to buy as soon as possible, so it's hard to know who to ask about the local market. Look at the website for the local paper and search for real estate or slowdown to find articles about your area.
yes...i agree ....down soon
it's a buyer's market. you better believe it
Um...anything priced that low is a good deal! Sorry, I'm from Los Angeles.
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