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The Question 

This is a question that every real estate investor should be asking someone right now or even two years ago for that matter. Everyone wants to know “when”, but will you be in the best position when it does?  You can turn to your local PBS radio station and hear forecasts about when.  You can read real estate market experts like Steve Bottfeld of Las Vegas. He says sales will increase in 2008 by 25% for new homes and 45% for resale homes.  Steve explains that new home prices will increase by 8% and resale home prices by 10%.  The fact is that no one knows when the market will begin to flatten.  Notice I said flatten which is still better than the recent trend of falling prices.  Read the rest of this entry »