You can play the housing market just like the stock market. But do you really want to?
There's one sure-fire way to know when the market has hit bottom. It works every time, and it is the method that most people use. It has always been this way and always will be. Are you ready?
Wait for the market to go back up. That's right, most people wait for prices to go up before they buy. It's the only way to know that a recovery has begun.
Smart investors don't wait for the graph to begin to rise. Their goal is to get in while the prices are still low. They use many, many methods but the bottom line is they don't wait until it's too late to get into the game.
Of course, if you're buying for a long term investment, just about any time is a good time to buy. There has never been a 10 year period in which real estate was worth less than someone had paid for it.
If you're looking to buy real estate in Salt Lake City, Utah...now is an excellent time to jump in. As you can see in this graph from "The Fantis Report," inventory is high and sales are low. It is a great opportunity for bargain shopping, in most cases. Every market is different. Remember, there are markets within markets. Be sure to consult with your local real estate expert before jumping in.
Comments (10)Subscribe to CommentsComment