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<blockquote data-quote="Up In Smoke" data-source="post: 5211579" data-attributes="member: 79702"><p>Not a great time to be buying a house. Prices are still sky high and interest rates on the rise makes renting until things settle out a much better option. We are seeing an increase in HUD sales hitting the market with the expiration of 2 and 5 year ARM's. The next 3 to 5 years should shake out a lot more of the ARMs and balloons. Save your money and be ready when the housing market pulls back. I don't see another 2007-2008, but there will be buying opportunities at reduced prices.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5211579, member: 79702"] Not a great time to be buying a house. Prices are still sky high and interest rates on the rise makes renting until things settle out a much better option. We are seeing an increase in HUD sales hitting the market with the expiration of 2 and 5 year ARM's. The next 3 to 5 years should shake out a lot more of the ARMs and balloons. Save your money and be ready when the housing market pulls back. I don't see another 2007-2008, but there will be buying opportunities at reduced prices. [/QUOTE]
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