Entering or skipping the housing market this summer?

Home prices fell in metro Atlanta last month, but sales ticked up.

Are you poised to enter the market before the summer ends? Or will you stay on the sidelines?

The median sales price of an existing home in Atlanta declined 2 percent in June from May, and 5 percent from a year ago, according to the National Association of Realtors. But the number of houses sold rose 2.3 percent, writes AJC reporter Michelle Shaw.

On the buy side: Prices are low and mortgage rates are real low.

On the do-nothing side: The tax credit is gone and the economy is still sputtering.

Which side are you on?

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4 comments Add your comment

Damone

July 23rd, 2010
6:36 pm

I’ve been trying to sell my house for 2 years with only 2 lowball offers. The housing market totally sucks!

Gary Overton

July 23rd, 2010
10:30 pm

I have a house for sale here in God’s country(rural Alabama) at a giveaway price($25K for 3br, 2ba, 3 acres) Everyone wants it but can’t get the money. I was told today that borrowing less than 50K was almost impossible http://friendofbillw.com/house

Kat

July 24th, 2010
7:25 pm

Lenders aren’t ready to re-enter the market yet – even if homeowners are. Their portfolios are full and they aren’t quite sure what types of deals will strengthen or weaken their bottom line.

http://secretstoimproveyourcredit.blogspot.com/

Alecia

July 25th, 2010
8:32 pm

It’s all about jobs. When unemployment gets to a reasonable level and the economy turns around I plan to purchase more investment properties. Hopefully the Dems. will lose in November so that business people can feel confident enough to hire and invest.