Where Are All the Real Estate Deals?

During a housing downturn, buyers may start looking out for big bargains, but for reliable investments consider the whole economic picture

You may have heard that now is the time to buy real estate—if you can afford to. As contrarians point out, demand is weak, sales are slow, and inventory is high. Homeowners and homebuilders are slashing prices desperately, and savvy investors are snatching up cheap foreclosure properties. The real estate market is teeming with bargain-priced homes, just waiting for that next lucky buyer to come along.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.