Today I talk about what I have been seeing and hearing in the real estate market. There is a lot of fear about buying property because values are still dropping and yet when you look at the facts, homes are on sale, interest rates are still at historic lows and money is still available. BUT, it's next to impossible to time the bottom of the market AND money is getting harder to get every week and interest rates are expected to rise.
You have a choice. Risk is waiting until you think prices have hit rock bottom and hope that you can still get financing OR be stoked that homes are on sale today and financing is still relatively decent.
And that brings me to my Quote of the Week....
"When you realize that by changing your perspective, big things can be seen as little things, it becomes much harder to worry about anything at all." ~Tut - A note from the Universe
80% of all millionaires in this country made their money in real estate, and it wasn't simply because they owned investment property! Owning real estate as an investment is a great tool because you can leverage the asset to further your wealth. BUT of course you have to own it first before you can take advantage of appreciating and declining home values. Shouldn't you get to be one of the 80%? Absolutely!
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