Is There Ever A Good Or Bad Time To Buy A House?

Is there ever a good or bad time to buy a house? There was a judge in Iowa that said that when a house came back on the market in the wintertime that it was out of season. I don't know. There was a judge...

I don't know. There was a judge in Iowa that said that when a house came back on the market in the wintertime that it was out of season. Lots of people in the spring turn to looking at properties and that's when sellers put their houses on the market, so you probably have more of a choice. But also, you have more competition with other buyers. People tend to move and make decisions (if children are involved) at the end of the school or at the beginning of school. If you don't have children involved, and you can find an agent that you want to work with, and if you want to find one of a kind property, then it doesn't matter when it's going to come on the market. When the interest rates are going down, the prices tend to go up and when the interest rates go up the prices tend to go down. So we always say the best time to have bought real estate was "last year." I don't know if there is a bubble. I just had a Japanese friend visit here and she bought her condo in Tokyo for what in 1999 (at the top of the bubble) was $500,000. She said the bubble burst and now if they wanted to sell it, they could only get $300,000 for it. I don't know if that's going to happen in a lot of communities. That's going to happen, possibly in New York where there has been some frenzy buying. But I don't know if there is going to be a bubble. You just have to go in and see what other buyers have paid; see if they are the kind of people you want to live with, if kids are involved, see what the school system is like and make your decision from there and do you have any friends living there.

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