My New Blog

I'm looking for someone smart - are you that person? Do you know someone who has been waiting for the "bottom" of the real estate market to hit?  Well - they've almost missed it.   I might sound like a broken record at this point - but as your real estate expert it is my job to provide you with the real facts.  And guess what, we have good news!

For three straight months inventory has been declining - that's what we want to hear!  We had too much supply and now its going away.

The number of annual home sales has gone up for the last two months! We also want to hear that!  That means demand is increasing!

As the following chart illustrates, indeed the market has corrected. While it is quite possible that the market will continue for a time to “over correct,” the important point to realize is that no one can ever predict or time the floor—until after the fact when opportunity has been lost. Don't let your friend miss this opportunity! Send me their name and I will explain this graph to them and how time is of the essence.

Now is the time to buy and the reasons are many:

• Real estate remains one of the most stable long-term investments with relatively modest fluctuations in annual gains.
• The extensive housing inventory in most markets is providing great choices for investors.
• Mortgage money is available to financially stable buyers and interest rates remain attractively low.
• Real estate investments tend to bring a greater annual return on investment (ROI) than stocks, gold or commodities, because they are leveraged (buyers put 20 percent down, and receive appreciation on the entire value of the property).
• Just as the late 1980’s and early 1990’s provided a massive opportunity for real estate investors to make great buys and build wealth, the current market will do the same. Smart money is already back in the market buying up the distressed properties.