"buyer's market"
apparently the real estate market in the US is now a "buyer's market". and guess who is saying that ... the national association of realtors. what a big joke. the housing market is cooling off for sure, but definitely not a buyer's market. the prices aren't going south, and nor do the lending rates.
a condo in valencia, CA costs around $400,000. renting an equivalent apartment is actually turning out to be cheaper.
you can classify it as a "choose what you want market" as you get more time to buy a home, unlike scrambling to make an overnight offer.
nice way to voice once's concern when the business is not doing great :)
