Now IS the time to buy!

Headlines scream - Home values drop 1.7%!  First drop in 10 years!  Henny Penny had nothing on these guys....

So let's think about it.  The stock market can take a 5% hit in a day and nobody even turns a hair.  The real estate market drop 1.7% for the first time in 10 years and it's front page news.  Why is that?  BECAUSE REAL ESTATE HOLDS IT'S VALUE SO WELL!  Yes, I'm yelling.  Real estate holds it's value.

So if it drops a little, what does that mean?  It means now is the time to buy.  You know all those stock brokers who send out buy signals when the stock market drops?  They tell everyone the market has to go back up so invest now.

The same logic applies to real estate.  Because home values decrease once in a blue moon, now is the time to buy.  Interest rates are still very low historically speaking (said by someone who lived through the 17%+ rates in the '80's) and home values are dropping.  Now may be the time to pick up a good value that will appreciate in years to come.

9:01 AM - Oct. 5, 2006 - comments {0} - post comment

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