Yes it is Time to Buy

By
Mortgage and Lending with The Jonathan Arnold Team of Inlanta Mortgage
https://activerain.com/droplet/5Lt

Homes are the Best Investment; so Yes it is Time to Buy

 

During my daily ritual of reading a few industry articles I came across one that I just had to share.  Why you best investment is a house; Commentary: Home-sales data highlight a buying opportunity on Market Watch.  After completing the short read I am inspired for the day.

Yes it is time to buy

 

We all have continued to hear many consumers saying that they are holding off to buy as the "doom and gloom" in the market does not seem suitable for home purchase.  They are sitting back waiting for everything to hit the final bottom.  I don't know about you but I hope we are almost there!  Yes, there are still numerous homes awaiting the completion of the foreclosure process, unemployment is still high, BUT we do still have light at the end of the tunnel.

 

When looking at recent statistics new home sales have hit an eight month high, sales on existing homes increased 12.3% in December after 2010 being overall the worst sales year since 1997.  Sending 2010 our with a bang shows a possible turnaround for the months to come.  NAR chief economist Lawrence Yun stated, "December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery. The December pace is near the volume we’re expecting for 2011, so the market is getting much closer to an adequate, sustainable level.”

Yes it is time to buy

With the January numbers out last week, Yun was correct.  There is still is a large inventory, but it continues to decrease from month to month.  With the numbers pointing at a near bottom  real estate buyers have the opportunity for bottom fishing. Long-term investors may now have the lowest risk available today in real estate.

 

All these factors compiled on the truth that it is much less expensive to own a home these days than it is to rent!  Rates are still extremely low, home prices appear to be at the bottom and there is decent inventory to choose from.

Now is the time to invest in Real Esate. 

 

TAKE A LOOK AT THESE GREAT HOMES!

 

Posted by

 

 
 
  Katrina Cole  

Katrina Cole

Business Development

The Jonathan Arnold Team
   


Inlanta Mortgage, Inc
2029 Celadon Dr NE
Grand Rapids, MI 49525

 
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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Anthony Mosley 04/06/2011 08:27 AM
Topic:
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Location:
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Groups:
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Greater GRAND RAPIDS, MI Real Estate
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Tags:
home values
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news
home sales
increase sales

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Rainmaker
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Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic

Time to get ready for a productive spring market. Weather is changing and snow is melting.

Mar 12, 2011 08:31 AM #1
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Katrina Cole

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