I still do not understand why there are so many buyers that are still on the fence and not taking the plunge into the market. With home prices having dropped substantially and interest rates as low as they are, homes are on SALE. The economy of course is not in very good shape, but people still need a roof 
over their head right? If you don't own a home you are going to rent somewhere...why pay rent to someone when you could purchase a home and pay the same amount (or very close to it) monthly. I have spoken to a good number of buyers who have money in the bank (which is losing money) and could easily purchase a home, but they are stuck on the idea that the economy is going to get much worse and prices are going to fall another 50%...
The economy is obviously in terrible shape and every market is different, but how much lower do you think home prices will go? Maybe I'm too optimistic, but I'd rather my glass be half full then empty.
Buyers, now is the time to buy real estate and if you are still skeptical at least look at your options. Many first time home buyers have no idea that they can purchase a home when they are more then qualified. Don't miss out on the REAL ESTATE SALE!
Comments(3)