Right now we've got a renting bubble. At this point it is almost as irrational as the housing bubble of 2005. Just as scarfing up McMansions with no money down loans was irrational - now many potential buyers are obsessed with renting
There is a lot of hype circulating in the real estate industry about local experts. We all start out as chaff - and chaff has no opportunity to become wheat if they aren't given a chance. That appears to be a bit too convenient for the very local agents in any area. Because it implies that they are the only game in town...
his is an issue that I have wrestled with as we are always encouraged to "touch" clients and prospective clients 33 times a year. One of my problems I have with this notion is that I don't want to be touched that much by anyone except the closest of friends and family.
Waiting to buy a home could be an expensive mistake....I understand the hesitancy - however, for those who have a stable job and a stable income with good credit, I have to think that a little green monster called greed is entering the picture.