Full Disclosure:  This is my opinion.  I think I have some credentials to comment on this subject.  But, of course, I could be wrong.

I don’t think WAITING ON HOME PRICES TO FALL would be a wise decision.  At least not here in Parker, Colorado.  We have a very low supply of homes.  Demand is strong.  Most homes that are priced correctly and are in good condition, are selling quickly.  And, there is no indication that sales are going to slow down.

But, here’s the real deal.  Consider this.  We still have high plenty of buyers, even with interest rates at above 61/2%.  Rates are expected to come down a bit this year. What do you really think is going to happen when rates fall?  Prices will spike.  So, now is the time to buy, if you’re in the market and find a home that you love.  When rates fall (and they will), simply refinance.

Waiting is a BIG MISTAKE.  Act now.  This market will explode in the future.  Wouldn’t you like to already be a homeowner when prices go through the roof, again.