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For those considering buying a house anytime soon....
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Cowboycorn
Posted 4/22/2009 11:23 (#689489)
Subject: For those considering buying a house anytime soon....


north central Oklahoma
Foiund this on another site and wanted to spread it around. Good graphs, I'll post them and link too.

Would also like WyDave's two cents or anyone else that keeps up financially more so than I. Kids are considering home by this fall or winter. Would like to steer them inright direction.

Anyone, and I mean anyone, thinking of buying a home today (April 2009) needs to take a look at these graphs, courtesy of Robert Shiller (of Case/Shiller Index fame) and understand that the best time to buy a home isn't today. Or tomorrow. Or next month.

2010 is when its gonna happen. Maybe even 2011. If at all.

Save your money.

Case Shiller

http://straighttalkaboutmortgages.com/wp-content/uploads/2009/02/ca...

Case Shiller 1975-2008

http://mysite.verizon.net/vzeqrguz/housingbubble/united_states.png

Tracking the trends - that 2005 peak red line was a cliff where housing tumbled over and screamed all the way down....

http://bigpicture.typepad.com/.shared/image.html?/photos/uncategori...






(united_states.png)



(6a00d8341c52a953ef00e54f3b191e8833-640wi.gif)



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Attachments united_states.png (28KB - 545 downloads)
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