Housing Trends

The article below has 6 trends to keep an eye on.  Although they are all good tips the most important in my opinion were that even though you can get a distressed property 30% below what normal sellers are it can come with a lot of hidden costs as I have mentioned in the past.  Make sure to hire a great home inspector.  As far as the part about competing against cash buyers, consult a real estate expert with regards to that. 

The other is low interest rates.  I know I sound like a broken record when it comes to this but it is true.  Rates will go up and the low rates right now can help to offset part of a decline in property values.

And lastly, condo financing is tough.  Make sure you deal with a mortgage professional who not only is an expert but will do the due diligence upfront that can save you money.

http://money.cnn.com/2010/03/18/real_estate/housing_prices.moneymag/index.htm?section=money_realestate&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29&utm_content=Google+Reader