Considering prices have been relatively sticky in the middle of the market (-3.8%YoY), I wouldn't bank on another 5% drop. I think the time to buy was a couple months ago when fear was highest and the mortgage rules hadn't changed. Now the risk is creeping bond yields forcing interests rates higher. Not sure we'll see another price drop unless oil and gas retreat 30% from today's prices. You could wait it out hoping for a better price, but watch your borrowing costs rise erasing some of your savings.
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