Own your dream home:
4 ways to get there

A place by the beach, or perhaps you prefer the country? Here's what you need to know before taking on a second house.
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Moody's Home Price Forecast
Area State Peak-
bottom
decline
Peak Bottom
Cape Coral FL -18.6 Q4 2005 Q2 2007
Reno NV -17.2 Q4 2005 Q4 2008
Merced CA -16.1 Q4 2005 Q2 2009
Stockton CA -15.7 Q4 2005 Q4 2008
Sarasota FL -14.0 Q4 2005 Q3 2007
Naples FL -13.8 Q4 2005 Q3 2007
Tucson AZ -13.4 Q1 2006 Q2 2008
Las Vegas NV -12.9 Q4 2005 Q2 2009
Chico CA -12.6 Q4 2005 Q2 2008
Fresno CA -12.5 Q1 2006 Q2 2009
3. Take advantage of the buyer's market
Sellers in some locales are getting desperate. Ask them to pay closing costs and make repairs. Bid at least 15% below the asking price.

Also consider buying from a builder. Many homeowners will wait out the bust. Builders can't afford to. Besides a lower price, many are offering thousands in upgrades. Skip the stuff and ask the builder to buy down your mortgage rate. That's worth more than any perk in the long run.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.