We've probably all said or at least thought "if I knew then, what I know now, I would have done things differently." We should have stayed in school longer. We should have listened to our parents. We should have bought Apple stock in 2002 for $8.50 or gold in 2000 for $300.

Years from now, if we look back at 2012, it may be clear that this was the best buyer's market ever. The prices are down nationwide 35-40% from four years ago, mortgage rates have never been this low and rents are rising. Few homes have been built in recent years to keep up with a growing population. There may never be a better time to buy homes than now.

The housing affordability index which is considered to be good at 100 has increased to over 200 for several months. Shrinking inventories and rising prices in some markets are causing the index to fall for the first time in years.  In Lake Havasu City, AZ today, we have only 460 active single family home listings on the market.  This is about a 1/3 of where we were 5 years ago.

This 'buying" opportunity applies equally to acquiring a home to live in or to rent as income property. It is estimated that about one-third of the homes purchased last year were done by investors. It is reasonalbe because the positive cash flows far exceed most other investment alternatives.

The question we're all faced with this year is whether we'll be saying we seized or missed an opportunity of a lifetime.

 Lori Dee Doerfler, Associate Broker

RE/MAX Prestige Properties

(928) 208-9827 Mobile/Direct

www.LoriDee.com

"Serving the Lake Havasu City Community”

Lori Dee 

 

4 Comments on Don't Miss the Boat; It is TIME to Buy Real Estate in Havasu...

JUN
23
487,256 Points 6 Featured Posts Outside Blog

Lori:

Very good post. The time is right to buy now. Have a great weekend. 
11:23am • #1
654,931 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

It is the perfect time to buy low price and low prices.  It will not happen again for years.
11:23am • #2
399,990 Points 8 Featured Posts Outside Blog Called Shot Master

Lori - You've given buyers something to think about.  Great examples of if I only I would have bought, but didn't.  Don't miss out on buying a home!
11:31am • #3
JUN
25
Outside Blog

Alan-Thank you for stopping by.  Hope you had a fantastic weekend.

Tim-So true.

Laura-I sure hope so.  We are actually seeing prices inch of on certain properties.
11:33am • #4


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Lori Dee Doerfler, RE/MAX in Havasu

Lake Havasu City, AZ

More about me…

RE/MAX Prestige Properties

Address: 330 Smoketree Avenue S, Lake Havasu City, AZ, 86403

Cell Phone: (928) 208-9827

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