Yes home prices are down and so are loans and that does not happen very often, therefore, it is time to invest in a home. If you were thinking of purchasing a home now is one of the best times to purchase in the last 15 yrs. it is a great investment. A second home or one you are thinking of living in now is the time to invest in that home.
The Orange County Register today wrote an article by Jeff collins that shows that in a national servey 12 percent of people who responded were planning to buy a home as an investment. That is twice as many as there were in March.
It is the lure of the foreclosed properties and the short sales that have caused the properties to drop in value over the past few years that makes this possible for more consumers. 48.3 percent of the buyers were 1st time buyers.
73 percent of the respondents expect properties to appreciate by 10 percent or more in 5 yrs. while 27 percent believe the properties will appreciate by 20 percent. So as you can see the general population of consumers believe it is time to invest in a home.
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