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People are always taught to apply the cliché... A glass of water is always best viewed half-full and not half-empty. It could not be more appropriate to apply this line of thought now that the housing market is experiencing its low episode. Not only people buying a home can rejoice during these times but aspiring and seasoned real estate investors, too, should rejoice in the midst of swooping house prices. For home buyers, this is the time when you can finally buy the home that you wanted ...
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What would you call the ideal buyers market? How about this scenario: - House prices at a 4-year low - 30-year mortgage rates below 6 percent and the possibility of further cuts ahead - Huge selection of available real estate to choose from - Implementation of government cash subsidy program Sounds like utopia to me. So why aren't people rushing out to take advantage of what could be the investment climate of a lifetime? Unfortunately, people find it easier to believe the ...
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Well what is the old saying - one man's meat is another man's poison? It certainly seems to be true in the realty business. The poor builders are facing a drop in building permits which is sad news for them ......BUT great news for everyone else with a home! There have been many people and things blamed for the slow down in the realty market; one of them is the fact that builders MAY have built too many houses in the past year. New houses are often worse competition in the housing market ...
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