If you understand that the best course of financial action is contrary to the actions of the majority, you'll be excited by this news piece. If you base your decisions on advice from the media, be afraid. You're not going to buy a home for a long, long time.
Listen to this morning's comments from KPLU's financial commentator and then ask yourself: wouldn't it be great if you were the only person walking around in a buyer's market? Wouldn't you have your pick?
Don't Buy That House! SEATTLE, WA (2008-05-08) Interest rates for 30-year-mortgages are hovering around 6 percent and real estate prices are lower than they were a year ago. Is this a good time to buy a house? Financial commentator Greg Heberlein tells KPLU's Dave Meyer it's a good idea to wait for prices to drop even lower.
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