Declines in the Market
You can still be in an appreciating market, a decline does not necessarily mean you are losing value, it could mean (in some circumstance) that your appreciation rate is declining since the last measurement over time, say last year. We have obviously seen over the past few years a ridiculous rise in real estate values throughout the San Francisco Bay. It is just inevitable that it will continue to become soft during this next year.
If you are considering buying in todays market, then buy at a discount add value during ownership. If you are going to hold the property for 7-10 years, then find what you like and buy it! Take advantage of the rates. Because if you hold off to long, rates go up, and the lower your buying power.
For consultation and just plain advise, call me at 415.336.9695, or at jeff@jeffmarples.com, read the entire article: http://www.breitbart.com/article.php?id=D8MSCVBO0&show_article=1