Prices Will Go Up - The Question Is When?

Real Estate Agent with Fred Real Estate Group

Buyer's listen up - have you noticed all the negative print and media ads about how tough the real estate market is?  Don't you find it unusual that when the prices of Central Oregon Homes were skyrocketing, homes for sale were getting multiple offers and so on everyone thought real estate was booming?

 They have you scared; they have you thinking this is the wrong time to buyWhat is so wrong with buying today versus buying a year or two ago?  A year ago interest rates were low but prices were high and inventory of homes to buy was lower than it is now.  Many of you had to offer higher than list price to even have a chance at an accepted offer.

Today, there are homes on the market ripe for the buying.  Many sellers are offering to pay part or all of your closing costsMortgage rates are still low and there is still 100% financing available.  Many homes are priced lower than you can build a home for

Real Estate has always had peaks and valleys; Central Oregon Real Estate is no exception.  Are we at rock bottom, will the prices continue to fall? I can not tell you - but are they going to go up?  That I can tell you, yes PRICES WILL GO UP, the question is when? 

Buyer's this truly is the BEST BUYER'S MARKET IN 20 YEARS!  Some of you are sitting back arguing this point with me... but think about this as a BUYER - interest rates are low, there are many loan options, inventory is high and sellers are motivated.


Comments (2)

Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
And so true Thesa! In fact, interest rates went down a little more now. And "they" that run around trying to scare everyone is misinforming the public ...that is a fact. We started pumping the past couple of weeks and it is surely picking up with buyers finally turning a deaf ear to the neggies out there. :)
Feb 01, 2008 04:08 PM
Keith Kenner
Hometown Properties - Hiawassee, GA

Hi Thesa;

Keith Kenner here from Hiawassee, Ga. I am right there with ya! I just wrote a contract today on one of my primere properties within 1% of the asking price! Thanks ActiveRain!! and Localism!!

Feb 04, 2008 10:41 AM