It is nearing summer in
#5) Competition for those real buyers who have waited . . With so many potential buyers holding off, you have a much smaller number of people competing with you for the available properties.
#4) Record Inventory - There is a lot on the market and no one likes lots of choices better than the American consumer.
#3) Low Interest Rates - Strangely enough large drops in the prime rate have had the opposite effect on mortgage rates. Right now they are historically low however that can't last forever and with some of the new restrictions for lenders, they can't help but rise. Additionally when activity resumes they will rapidly escalate to higher levels.
#2) You can Negotiate - Buyers want to wait and wonder if the market has hit "bottom". "Bottom" is a relative term; you only know its bottom after the market rebounds. Even if you should pay a little more than you think you might at a later date, normal appreciation would make the difference irrelevant within a short period of time. Choice inventory + less competition + low mortgage interest rates + sellers willing to negotiate = sweet deals!
#1) You won't get first degree burns from your steering wheel! The car is cooled, and we are off to see the best smoken' deals this summer! If you are new to
Don't wait to buy real estate - Buy real estate & wait!
Huge Inventory + Less Competition + Low Mortgage Interest Rates + Sellers willing to negotiate + Fabulous Weather = Sweet Deals!