Ok why I am saying is not exactly science but rational thinking.
You hear about it on TV. You read about it in the paper and on the internet.The economy is doing not so great and real estate is in a down fall. What bothers me about that is that those "experts" speak for the whole United States, but California vs. Missouri is as different as Sweden is to France.
If I had bought my home 2 years ago in California I would be sweating right now, unless you stay in the same market. Same thing for Missouri. Sure we all know that the market is not what it used to be but if you look at history, homes have always gone up over time but as we found out it is not always a steady line.
Most people that are in the market to buy a home are 1st time buyers, people that need or want a bigger home and of course there is the investor. For all of you this is good news.
Are you thinking about downsizing? For you it might be better to wait a while if you can till all of this over.
OK, what is the good news?
Of course the interest rates and for the investor the lower home prices. If you are finacially capable of buying it is a great time. Buy, rent it out and sell for profit in a few years. Being a landlord is not that hard to do. I have done it for 5 years and the rewards have been great
Are you a 1st time home buyer?. Great! Use the lower home prices and the excellent interest rates to your benefit.
Are you upsizing? More great news. Sure you might not as much for your $100,000 home as 2 years ago, but so is the home owner who is selling you that $200,000 home. Combine that with the excellent interest rates that we are getting, you can get a bargain out there!
Big question, will the market go down some more? sure it could. we can get another ice storm too. I am convinced that this had a large effect on our economy last year.
Any questions about all of this or give your opinion on the real estate market? You know where to find me
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