Charlottesville - Albemarle Real Estate, October, 2008 - A Buyer's Market? Prices Dropping?

Is Now a Good Time to Buy a House?The good news: We recently learned, thanks to The Mortgage Buzz, that mortgages are available. And 85% of them are now backed by the Federal Government.Right now in our area, there's nearly 15 months inventory of unsold houses, which is much more than the national number of about 11 months. More properties come on the market every day.Here's the bad news: The