What To Look For When Buying A House May Seem Elementary, Dr. Watson, But

The single adjective which might best describe the current home buyer’s market is ‘volatile’. People who bought homes before the dot com bust, paid dearly, ultimately selling at a price far less than they paid. Early on in the Bush administration, we were apprised of the ‘ownership society’, where every American was able to realize the American dream. People went in droves to mortgage brokers offering inventive ways to put unqualified buyers into a home of their own. Now, we’re seeing the results, in the form of all the properties up on foreclosure sales. The economy has definitely gone south, with new home construction starts down and properties standing empty all over the nation.