|
I have been thinking about this today. It seems that we (or I) am typically right behind the ball - lagging a few steps behind - when the real estate market goes up or goes down.
For instance, we sold our home in California in 2000 as the market was going up. "If" we had stayed six months longer, we could have sold it for more, and then you know what happened after that.
Then, we moved back to Arizona and waited for a year and a half to decide just where we wanted to build a home. If we had purchased immediately.........well, you get the idea.
So, in 2002, we did purchase our new home, had it built and moved in on November 22, 2002. We did GOOD!!!
During the next two/three years, we could have bought, sold, bought, sold and made more money, BUT I didn't know that so..........we didn't.
NOW, I'm looking at the market and thinking to myself. Okay, "they" say the market will correct itself beginning in 2008-2009. If that's the deal, then 2008 will be a GREAT time for buyers to buy a home. Otherwise, they will be competing with all of those jumping on board in 2009!
Buyers need to take advantage of the interest rates that are available now. Credit scores for A paper need to be at least 6.8......
Now, how's that idea sit with all of you? Think 2008 is a GREAT YEAR TO BUY A HOME?
Today we have 53,427 active listings compared to 57,537 in November on this date.
| Comments () >> |
 |
|