The government is finally admitting this is not over and far from it.

http://finance.yahoo.com/tech-ticker/….

Now let’s add the upcoming price declines to the the list of which many of us post about for the same reasons as Warren i(above article) s just now realizing. She is late to the party. Anyone that buys a house in this market is going to bathe in red ink and end up upside down.

http://money.cnn.com/2009/10/20/real_estate/home_price_forecast/index.htm?postversion=2009102007

It’s also much cheaper to rent than to buy and getting cheaper everyday.

http://www.usnews.com/money/blogs/the-home-front/2009/10/06/apartment-vacancy-rate-set-to-break-record.html?ref=patrick.net

NOW is the time to hold onto your cash and do not buy as you will get a much better deal and better selection in a couple of years. I look out after my best interest and suggest you do the same if you a buyer. Let the sellers and those that created this mess take the hit, not those of you that waited. Your wait is not over for the best price for the best house so continue to be patient. Patience will pay off for you and pay off big time.

- IMBI

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