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I can not tell you how many times in the past six to eight weeks I have been asked the million dollar questions, "Amy, is now a good time to invest in real estate?" or "Do you think market prices have gone as low as they are going to go?" or the best of the best, "When do you think prices are going to see an increase?" Let's work in reverse.
To the last question, if I had a crystal ball, I would look into the future and give everyone a definitive answer. Knowing the answer to that would mean the financial industry and our economy at large had recovered, the stock market was more predictible and the pensions of the baby boomers is now allowing them to consider retirement and relocation to North Carolina's coastal counties. Not just in a trickle but in a constant flow. Yes, we are considered the "New Florida" as the final destination of choice, but........how many years off are we based on original predictions for the area.
Question number two, are prices as low as they are going to go, I could only hope as the majority of homeowner's do, that they have. Is that a reality? I have to ask you the question, ... more
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