Tuesday, October 03, 2006
It Truly is a Buyer's Market!
Perhaps the worst kept secret in history - the current Real Estate Market clearly favors Buyers.
No doubt you have seen the headlines:
Buyer's Market? Existing-Home Prices, Sales Fall
Home prices keep tumbling
In a cooling housing market, buyers holding better cards
So is the sky falling? Is the bubble bursting?
Hardly. In fact, in most areas prices are continuing to go UP. Yep. The appreciation continues.
So why is this a Buyer's Market? Well, that's because rather than the steep climb in price we have seen over the past 10 years, prices are starting to moderate. This is a good thing for all involved because eventually it will provide more opportunity for EVERYONE!
As prices moderate -and yes in some cases even drop -it will allow more Buyers the opportunity to buy.
While Sellers will see less steep appreciation they will instead experience a more healthy -and sustainable- growth. And while they might not get top dollar when they sell the opportunity for them to get a killer deal when they buy will be there as well.
All markets are cyclical and Real Estate is no different. However, in the history of the United States only one commodity has continually and consistently gone up in value over time. Not stocks. Not gold. One thing: REAL ESTATE. It truly is still the best place to invest your money. The fact that you get to enjoy living in your nest-egg is just a bonus!
A lot of smart people are reaping the benefits of all of the current buying opportunities in the current market. Do yourself a favor - don't miss out!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment