I received an article from a lender that I thought was good information to pass along to buyers waiting in the wings to buy a home.

To summarize:

• Buyers want to wait for the lowest home prices but they may miss out if interest rates go up.
• In many markets, the rate of decline is stabilizing.
• Property values in many areas have declined to 2003 levels or lower.
• These properties are receiving multiple offers.
• Interest rates have been bouncing between 4.50%-5.00% for a 30-year fixed rat...