A new year end report shows that 19 of 20 major markets across the country are still dropping in price. This means that we have not reached the bottom yet.
Is this doom and gloom? I don't see it that way. This means that there is plenty of opportunity for the fence sitters to jump in the investment market. The first time buyers those that have not purchased a home yet still have the opportunity to do so at a great price. Interest rates are still down giving even more incentive for ones to buy or invest.
So who is this not good for. Real estate agents whose income is tied to commissions. Lower prices means we have to sell more house to make the same money. Home owners that are looking to sell this is hurting them. I have helped several families that have had job transfers and had to do a short sale.
This is a great market to purchase to home. If you are thinking about buying stop thinking and take action. If you need help call a true professional to work with that will guide and aid you to make the best decision.
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