Mortgage rates are down. House prices are down. Fed chairman Ben Bernanke is waxing eloquent about the prolonged deep housing slump. Sounds like a good time to go house shopping!"This is a great time if you're a buyer," says Joe Fox, who operates real estate Web sites aimed at sellers and buyers. "You completely low-ball it."
Panicky builders are giving "incentives" on new houses that can run into the tens of thousands of dollars in kitchen upgrades or furnishings like flat-screen televisions. Motivated sellers are chipping in closing costs and dropping prices. "It's an amazing market," says Jason Salzenstein, a publications director who has been house shopping in Boston.
Excerpt from Reuters article By Linda Stern, Wed 17 Oct 2007
http://features.us.reuters.com//personalfinance/news/EE2B5988-7CE5-11DC-926F-1E736240.html
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