Everybody is SO POSITIVE. Um...not so much.
I heard all this negative stuff about the Real Estate market today...and thought I would give you some of the things that other agents in the country are saying to their clients today, as far as why it's a good time to buy Real Estate.
Recent Quotes about the Positive Signs in the Real Estate Market:
Buyers Waiting on the Sidelines Need to Get in the Game
Ø People willing to hold properties for a long time could be well served by starting to look at potential purchases now, because over the long term home appreciation usually pays off.
Ø Despite the recent declines in the market, national home prices are up 80.5% over the first quarter of 2001.
Ø One reason potential buyers may want to act quickly: Historically, when home prices fall, they don't fall for long.
Ø "If we go back to 1990, 1991 and 1992 and prices were falling, the reverse came very fast and very suddenly." There is some indication that the time period might be shorter than it was in the 1990s. For one, the job market is actually still fairly strong today and the jobless rate low, contrasting with the rising unemployment rate in the early 1990s.
-- David Blitzer, chairman of the S&P Index Committee, "Good Time to Look for a Second Home?" by Sheree R. Curry, TheStreet.com, November 30, 2007.
Ø "A combination of lower prices, a large inventory and mortgage rates well below 7 percent offer buyers a terrific opportunity. Real estate truly is a long-term investment."
Ø "It really doesn't matter if we're at the bottom [of the market cycle] yet. What matters is, can you find what you want? If you wait till it's a good market and everyone's buying, you won't have as much choice."
-- Jeffrey Otteau, a real estate appraiser from East Brunswick, N.J., "Welcome to the Buyers' Waiting Game," by Kathleen Lynn, The Record (N.J.), Dec. 2, 2007.
Ø "From the consumers' standpoint, it's the old adage: whatever you are buying, buy low and sell high. The marketplace right now is saying that prices are low, so why would you not be buying?"
Ø "The thing that keeps me awake is I believe so much that this is an opportune market ... that I would just hate to have the average individual miss an opportunity like this. I don't think we'll ever see the hot market we saw in 2004 or 2005, but we'll definitely see it bounce back and people will see some appreciation on their properties."
-- Tom Kunz, president and CEO, Century 21 Real Estate LLC, "Century 21 Seeks Overseas Buyers of U.S. Homes," by Lynn Adler, Reuters, Dec. 12, 2007.
Hope these help you when you run into those negative people.
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