Is the Real Estate Market Stabilizing?
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According to a recent article I read…
http://www.realtor.org/RMODaily.nsf/pages/News2009060403?OpenDocument
It states that “Two major home builders say their losses were shrinking compared to last year because buyers are coming back to the market.”
I see this myself a little more each day. I find many people are ready to purchase their first home or even an investment home due to the lower home prices and lower interest rates.
My first-time homebuyers can finally afford to purchase that home they’ve been dreaming of, and my investor clients are realizing that they can once again cash flow on some great deals in the area.
What I’ve been hearing more and more lately is that there will even be MORE great deals for homebuyers in the coming months with more Short Sale and REO opportunities. Will this drive the current prices down even further, or just create more opportunities and choices?
Either way, ‘Renting vs. Owning’ still has Owning coming out on top. Make smart decisions and you too can reap the rewards of owning real estate.
Life is good!
Randy
