INCENTIVE TO TRANSACT REAL ESTATE IN PLACE

In my neck of the woods, in a good area, what once went for $450,000 is now available for less than $200k. On top of that, interest rates bring it to an affordable payment making it very easy to own instead of rent now a days. Expect this to go on for years as banks step up foreclosures and the market becomes saturated with good product

WHY WAIT...THE MATH MAKES SENSE NOW

Waiting to purchase makes no sense because we now know how much something is worth give or take. the thinking to wait until things become cheaper makes no sense. They are already cheap. The time to pick something and settle down is upon us all

YOU CAN SQUIRREL AWAY THE NUTS

Furthermore, putting together the down payment required in FHA loan scenarios is not hard to do. When someone says to themselves, I am going to save a certain amount, it can be done especially if everyone supports it. Before you know it, your pile of money grows to the point where it can now reach out and touch...the American dream

FORECLOSURE FLOODING

We may see a marked increase in foreclosing activities that may drive value down but not permanently down. It would be more like a short term case and effect dynamic. Flooding the market with product makes it absorb slower but steady. You will have spikes and dips and then a more even ride.

BUY NOW...BUY NOW

Buy something now. Make that your mantra. Buy something now. Refuse to do anything other than that. Wherever we go, we must have a place to stay a roof over our heads. Now, owning has been put back within reach of many. this time around, we will see a different value system take place

REFINANCE HAD ITS DAY

Refinance which was used many times to boost the economy and create jobs and income for bankers and lenders alike may become the exception rather than the norm. Hard money may only be used for emergencies and as a last resort. The new watch word for the next 20 years will be CONSERVATIVE

THINGS GO IN CYCLES

In the 1950's, no one gambled with their homes. People bought them and it was ingrained in them to stay put and become part of a community. Years go by and houses get paid for. Now, everything starts to make sense. Returning to what works is an old favorite with mankind