Although the media glorifies that woes of the US economy and the downturn the mortgage industry is facing, it does not stress enough that right now is a wonderful time to be in they buyer's seat. Unfortunatley for sellers, there is a surplus amount of both new homes and resells on the market, but fortunately for buyers, interest rates have somewhat repelled down and sellers are more willing to negotiate now than they were say in 2005 & in the beginning of 2006.
North Carolina has been late in joining the game of surplus homes and the devaluation of prices. And although they say 'things' will worsen before they get better, this is a great time to buy, buy, buy. There are many deals in the real estate market. The number of short sales has increased two-fold in many areas of the country and this will continue for sometime. But NOW is the time to 'pickup' these homes, because the people who lost these homes, still need somewhere to live, and some of these 'lost' homes can still turn a return when used as investment/rental properties. And in the meantime, you are holding on to a piece of real estate that will eventually increase in value (or so we all hope).
Trends, will be trends, will be trends. Miniskirts were in, then out, back in, then out again. The waif was the model of yesteryear, then came the amazonian type models, waifs again and so on. The market goes up and down and up and down, and statiscally, will go up again. It is the informed few who take advantage when the timing is right, and that is now and in the near future.
The fact that lenders are changing their guidelines, by making them more restricted, is a good change. This will prevent another downturn in the very near future. Let's band together and turn the economy around. I truly believe it can be done. Whether you are in Texas, Florida, New York, Ohio, New Jersey, and of course, North Carolina... we can do it together!
As a Broker and Realtor, there is never a 'downtime' for marketing and advertising your business, your listings, in essence yourself. And the holidays are no exception. But starting now gives you an advantage for the New Year. Check out all Wilkesboro and Wilkes County Real Estate on my WEBSITE at: http://www.wilkesrealestate.net
Sincerely, Shakti.
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