The real estate news of the last few weeks has been puzzling. I study the trends everyday and see the Puget Sound market stabilizing and prices returning to 2005-2006 levels. If you sell and buy today you'll feel bad about the price you got for your old home but you be overjoyed by the price you paid for the new one. If you are a first time buyer there are many incentives to get you into your first home. Banks are lending again and all you need is a good job, a down payment (sometimes as small as 3%) and a decent credit rating. For everyone, interest rates have never been better. Mark Twain said "Humor is tragedy plus time." Two or more years from now, the people who bought today will look back at this tragedy and laugh about the prices they paid.
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!
Great quote -- hadn't heard it before, and it's definitely true, no matter the business model.
Sep 23, 2008 02:19 AM
EXIT Realty Legacy - Prescott, AZ
Prescott, Arizona Real Estate
You absolutely nailed it coming and going on this one Bill. Great attitude! Great post! Thanks for reporting good news in a challenging time.
Sep 23, 2008 02:21 AM
Property Connections Realty Inc. - Alturas, CA
Love the Twain quote -- some day we will be the folks in a rocking chair while others are in the middle of a financial turmoil saying "I remember when . . . . " ~ Evelyn
Sep 23, 2008 03:00 AM
John L Scott - Bellevue, WA
You are absolutely right. Its the ones that don't buy today will end up saying I should have... could have... Why didn't I? Great post
Sep 23, 2008 03:20 AM
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