Quote:
Originally Posted by John Mercier
I don't know.
If the FED lowers interest rates that should put at least some support under the prices.
And the last tax reevaluation for Meredith didn't show waterfront or island homes rising in value as much as other property designations.
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Not saying it will happen soon, but it will happen. It always does!
Let's hope the Fed hasn't waited too long. Once that ball starts rolling downhill it picks up speed quickly.
I don't need any more property at my age but if I was younger and a buyer, I would wait it out, JMO.
50 years of buying and selling real estate, I only lost money once because I bought at the top of the market.