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2011-07-13 09:48:03
REAL ESTATE WILL RECOVER

Based upon nationwide data, it is predicted that home sales will rise this year. This will occur in spite of not having a tax credit for first time home purchasers. If we let the free market take care of itself, the housing cycle will turn the corner. It always does. Real Estate is a long term investment.

            I remember the first home I bought as a young man. I paid $12,200 for it. That same home today would sell for $165,000. Sure, prices are down now. I believe in our area they are close to the bottom of the cycle and there will be a slow rebound. And when it does rebound, the price will always go higher than the last cycle before it starts the slide again.

            Timing in any investment is everything. You generally don’t buy real estate to make a fast buck. You buy it to hold over time. My recommendation is: if you are only going to live in a home for two or three years and then try to sell, now is not the time to buy. But if you are going to live in it for a longer period than that, now is a great time to buy.

            The National Association of Realtors (NAR) stated in June that because “we see more jobs, rising stock market wealth, and continuing high affordability conditions,” that home sales will continue to go up. The banks have a greater desire to lend and have also improved the “short sale process.” Therefore, distressed properties are on the decline.

            NAR continues to say: “Business confidence in the home market is headed up and is expected to continue for the remainder of the year. This increase in confidence suggests that households and investors are increasingly active in the market.”

            Inman News published a report by the National Association of Home Builders and Wells Fargo that indicates: “Housing affordability hit a new record high.” All this has been made possible because of the record low interest rates and lower prices on homes.

This window of opportunity won’t last forever. There will probably not be a better time to make that housing decision than right now. What are you waiting for? Call a Realtor today!

“Life is like an ever-shifting kaleidoscope—a slight change and all patterns alter.” Sharon Salzberg. Until next week, keep smiling.

Based upon nationwide data, it is predicted that home sales will rise this year. This will occur in spite of not having a tax credit for first time home purchasers. If we let the free market take care of itself, the housing cycle will turn the corner. It always does. Real Estate is a long term investment.

            I remember the first home I bought as a young man. I paid $12,200 for it. That same home today would sell for $165,000. Sure, prices are down now. I believe in our area they are close to the bottom of the cycle and there will be a slow rebound. And when it does rebound, the price will always go higher than the last cycle before it starts the slide again.

            Timing in any investment is everything. You generally don’t buy real estate to make a fast buck. You buy it to hold over time. My recommendation is: if you are only going to live in a home for two or three years and then try to sell, now is not the time to buy. But if you are going to live in it for a longer period than that, now is a great time to buy.

            The National Association of Realtors (NAR) stated in June that because “we see more jobs, rising stock market wealth, and continuing high affordability conditions,” that home sales will continue to go up. The banks have a greater desire to lend and have also improved the “short sale process.” Therefore, distressed properties are on the decline.

            NAR continues to say: “Business confidence in the home market is headed up and is expected to continue for the remainder of the year. This increase in confidence suggests that households and investors are increasingly active in the market.”

            Inman News published a report by the National Association of Home Builders and Wells Fargo that indicates: “Housing affordability hit a new record high.” All this has been made possible because of the record low interest rates and lower prices on homes.

This window of opportunity won’t last forever. There will probably not be a better time to make that housing decision than right now. What are you waiting for? Call a Realtor today!

“Life is like an ever-shifting kaleidoscope—a slight change and all patterns alter.” Sharon Salzberg. Until next week, keep smiling.

 
Blog Archive
2012-02-27 10:56:14
WHY SHOULD I PURCHASE A HOME IN 2012?

2012-02-18 22:14:43
BUY A HOME AND HAVE NO MORTGAGE PAYMENTS

2012-02-14 11:29:26
ARE YOU OBLIGATED TO BUY TITLE INSURANCE AS A BUYE

2012-02-07 12:21:52
WHAT IS TITLE INSURANCE?

2012-01-30 14:44:56
IMPROVED HOUSING MARKET!

2012-01-23 12:01:52
OPTIMISM CONTINUES TO BUILD IN THE HOUSING MARKET

2012-01-17 11:06:15
HAVE YOU GOT THE WINTER DOLDRUMS?

2012-01-09 12:32:30
INTEREST RATES LOWEST IN HISTORY

2012-01-03 11:04:48
NEW YEARS RESOLUTION

2012-01-03 11:00:56
EXISTING HOME SALES CONTINUE TO CLIMB

2011-12-19 10:14:33
HOMES SALES HAVE BEEN INCREASING

2011-12-12 10:53:48
TRYING TO SELL YOUR HOME DURING THE HOLIDAYS?

2011-12-05 10:28:58
HOME FOR THE HOLIDAYS!

2011-11-28 09:59:59
“WHY DO WE NEED A HOME INSPECTION?”

2011-11-21 10:47:54
TIME TO BE THANKFUL

2011-11-14 09:59:07
UTAH CONTINUES TO BE AT THE TOP OF THE CHARTS

2011-11-07 09:39:22
VETERANS DAY

2011-10-31 12:00:28
IS FORECLOSURE IN YOUR FUTURE?

2011-10-24 09:46:29
ARE OUR HOMES READY FOR WINTER?

2011-10-20 09:14:53
CAST YOUR VOTE

2011-10-13 11:33:13
HOUSING KEY TO ECONOMIC RECOVERY

2011-10-06 09:25:37
WHAT DO REALTORS DO?

2011-09-29 12:30:02
HOME SALES RISING

2011-09-23 11:41:04
SMART REAL ESTATE INVESTING

2011-09-13 09:52:19
HOME AFFORDABILITY

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