Did you wake up early the day after Christmas and head for the department stores to grab all the after Christmas bargains? I did. I went to the Mall of America. Would you believe! The traffic was backed up what seemed to be at least 5 or 6 blocks. It boggled my mind to think about all those people waiting in line to take advantage of all the year end bargains? I couldn't help making the comparison between this shopping frenzy and real estate. Did you realize we are in the middle of one of the best home shopping markets in very many years - yet I don't see the people lining up like that to take advantage of the "Deals".
The New York Times back in early December published an article that many of you may have seen. It started off with the most profound statement:
"Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rear view mirror and realize that we missed a golden age for first-time home buyers."
That article was written by Ron Lieber and you can still read it at NYTimes.com money section.
Guess What!
This may be the best time to buy Real Estate since the mid 60's!!! How can you beat this... Interest rates are at historic levels, housing pricing is extremely desirable, the supply of homes is plentiful, and the average homeowner's net worth is quite a bit greater than the net worth of the average renter. Why would you want to rent when you could own?
Call us if you're thinking of buying in the Minneapolis, Minnesota area and want someone who can guide you through the process...it would be a priviledge to help you through to the close of your purchase. Cotact me at: louise@TwinOaksRealty.com or through my website at: LouiseSpeck.com or by calling me at: 612-867-4510.
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