We took an extra long walk this weekend because the fall foliage was so beautiful. I’ve been waiting for the peak day so I could circle my calendar. While walking, I realized that as beautiful as the trees with the changing colors were on that day, peak was probably a few days earlier, and we were past peak.

That made me think of the question everyone is asking, “Do you think the housing market will continue to go down?” Just as it is difficult to determine peak day for the fall foliage, the bottom of the housing market has a similar characteristic. You won’t really know where the bottom is until it starts going up. What I do know is that the median price of homes has declined, interest rates are low, sellers are motivated, and now is a good time to purchase a home.

Take a walk with me in Pound Ridge New York it’s a beautiful fall day.

Posted By: Sonja Lovas