Falling Home Sales, Dipping Prices, and Gloomy Forecasts Prove That Now Is a Bad Time to Buy

"There are many people in the housing industry working hard to assure potential home buyers that the time to buy into the market is 'now'. The truth is that U.S. home sales have fallen to the lowest point in four years, median prices have dropped for ten consecutive months, and the often overly-optimistic NAR is predicting the worst annual price decline in four decades of recordkeeping. These indicators and more prove that there couldn't be a worse time to buy than right now. "