One thing that's a little different today in Real Estate is its 100% factual. In almost all markets today prices are rising, inventory (quality anyway) is getting tougher and tougher to find and with rates still at historic low levels affordability is high.
A buyers market has changed and is turning into a sellers market. To add to that I even read an article today that stated they expect prices to be back to the highs of 06/07 within 4yrs?
Really, 4 yrs and regain all that was lost, maybe?
I am not sure if I am a believer of that BUT I also cant state for a fact its not going to happen either.
If the market continues its push back upward and rates stay low, we see unemployment numbers go down and our national debt and special interest go down we could see this happen and go from prediction to reality.
Regardless we cant predict the future but we can see the tide is definitely turning and those who took advice last year are very happy today and those doing so now will be happy very shortly thereafter as well.
So unlike all the sale, must act now, ads from retailers that have the exact same sale next month, these facts are real and the reality of and ever changing market is well known by many. Rates will not stay down this low forever. The strong buys will not last long and appreciation is already returning to many.
With all the variables in life Real Estate is still a solid investment but like everything else timing is everything so buy low and sell high... oh and get a killer low rate right now to make the buying low even better!
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