Catch a Falling Knife
29 04 2008I’m taking the plunge. I’m probably early but I’ve signed a contract for a house in Chicago. The market is not in total freefall like many other parts of the country, but it is still nerve wracking! I’ll be living in the Lincoln Square neighborhood, which is awesome little community on the north side. Here are some charts from Trulia.com. Check out the collapse in sales!
Best of luck - I know how you feel. My wife and I are looking at houses and put some offers in here in Pennsylvania but it is definitely stressful to do so. A lot of people are still trying to get top dollar here which makes it tough as well. But if you can get a house at a very nice price, it is probably still a good long-term investment.