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We are not at the bottom yet
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Yes and no. I think we're pretty close. At least from what I projected looking at Case-Schiller data. I haven't checked it in a couple years. But I think we're at least approaching normalcy of home values from a historic perspective. Of course, the pendulum never just stops in the middle--it swings beyond into the negative before coming back this way. So we also have a bit more to go before we hit the opposite pole and things start looking better.
When I purchased my home, I realized the market was still falling and that we had another 20-30% to go down. I thin kmy realtor thought I was FOS. I did what I did because I didn't think interest rates would stay this low. It's not so good (for a prospective home buyer) to have historically cheap housing but expensive money (in terms of interest rates), either. So I thought I was making a move at a decent time, where lower home values and low interest rates were intersecting. I was wrong, and not only have home values continued to slide (as expected), but interest rates have gone even further down (though not by much)--which was not what I expected. I should have waited. Heck, I should continue to wait another couple years, as money will continue to stay cheap for the foreseeable future.