I would not buy real estate for another 12 months. Prices will continue to decline, despite what any RE agents might tell you on here. Worst case is prices stay flat, but 90% chance that they continue to fall. - Thu Feb 21 2008, 15:48
I recently bought a Lennar condo in Southern California. I made a low offer on a house back in May which they rejected. After six months they still had remaining inventory and wanted to close their sales office, so they dropped their prices significantly (over 20%) below what they had originally been asking (even lower than my initial low ball offer). I ended up getting an even bigger place for less money. So, yes, Lennar will drop their prices if they have unsold inventory. - Wed Dec 5 2007, 13:14
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.