Certainly there is a lot of grim news out there – but things are not that bad. Actually, I have not noticed any difference in my daily life or that of most people that I have come in contact with since this “financial crisis” has begun. Sometimes I think that the news people like to jump on the bandwagon and are going out of their way to find and report bad news. After you report on it enough, it can become a self-fulfilling prophecy.
Strangely enough, year to date, this has been my best year of my 23 years in real estate. There are still a lot of people out there who want to buy homes. I am finding numerous new home buyers every week.
Let’s look at the home buying situation a bit closer.
Interest rates are excellent right now, in the low 6% range, and even in the upper 5% range. These rates are much lower than they have been during most of my career.
Also, there was so much bad news out there last week that I am optimistic that things have bottomed out and will go up from here. As they say, it is the darkest before dawn. The other day’s 900 point rise in the stock market was a great start.
So, don’t let all the naysayers blur your vision. What were these people saying two years ago? Now is the time to take advantage of this great opportunity before it is gone and prices start rising again.
By the way, I have put my money where my mouth is. I have bought an investment home this year.