Do you remember when… just a few short years ago (three to be exact) the government paid you $8000 to buy a home if you hadn’t owned one in three years? How times have changed!
Today’s headlines: Pending Home Sales Increased to the highest level since April 2010.
No government incentives today! But the market has improved enough to drive sales up to the sales level we were experiencing in those crazy days of the market valley when you got paid to buy a home and all the first –time home buyers were rushing to buy whatever was available to get their $8,000. The good news is that today’s growth is organic growth… truly market driven rather than by those very temporary incentives.
During those same days, all the “experts” were telling you: Don’t buy Real Estate… Real Estate is not coming back… The days of real estate profits are over! Those same experts are now advising to Buy Real Estate! For the past six years the headlines have been filled with attention getting (though not always accurate) headlines.
Here’s another recent headline: Wall Street Is Scooping Up Tons Of Single Family Homes In America or Rally in real estate capital markets and strong housing growth predicted… Business Journal…
There are literal dozens more that I could site. Of course today they are mostly trending in a very different and positive direction. My advice… Avoid the hyperbole of the attention getting headlines…
Look at the facts:
So what does the future look like? Here are what those in the know are saying…
This limited space isn’t sufficient to give you all the facts about the long-term and future performance of real estate… But that’s only about the money side of real estate… Real estate is so much more… it’s home, family, stability, legacy.
Now is a unique opportunity for those who have held back due to fear of the market future for real estate. Real Estate is back! While the absolute lowest prices are history for most markets, prices are still at bargain levels; and interest rates, while no longer at their bottom, are still close to their historic bottoms.
Ignore the headlines… look at the facts…
May the market be with you.
