My New Blog

It's the best market I've ever seen!  Now before you start sending "hate mail", let me explain and see if you don't agree.  It is the best market we've seen in a long, long time.  Its different.  I'll grant you that.  But its a great market none the less.  Its different in that it a Buyer's market now vs a Seller's market only a couple of years ago.  The Seller's market we just came through was one of the best we've ever seen.  That being said, there's just as much opportunity in this market as well. 

The biggest complaint from seller's is that they can't afford to take a lower price for their house.  That may be true and if so, they may need to stay put for a while until the market recover (which it will do).  However, the important thing to remember is that if you are selling and moving on to somehting else, you will be buying at a discount as well.  You may have a loss on the selling side, but you will recover that same margin on the buying side of your next home. 

We all know that when we have a downturn in the stock market, and we encounter a slip in some of our stock prices, one of the best ways to recover is to purchase more stock at the lower price and spread the margin across all the stock we own.  Then when it recovers, we recover our losses and gains much quicker due to a lower margin.  The same can be done now with the housing market.

Interest rates are at an all time low.  I've seen fixed rate mortgages as low as 4.5% - 5.0%; nothing like 18% back in the 80's.  Housing inventories are plentiful.  There are plenty of properties for sale.  Its a great time to buy.  Its a great market, its just different...