In the past several months, the real estate market has taken hard hits --- from the media.
That's why it's like a brilliant ray of sunshine whenever we get positive press. It's great to see the glass half full. So here are some wonderful excerpts and links to news articles you may have missed
From www.Kiplinger.com Get a hot deal in a cool market
"Buyers definitely have the upper hand in a cool market. You can press your advantage to negotiate the best price possible."
From www.Time.com Ignore the Headlines
"Consider a typical home that sells for $218,900. You put down 20% and get a 30-year fixed-rate mortgage at today's rate of 5.5%. Monthly principal and interest come to $994.31. Let's say that 12 months from now the same house goes for 10% less, or $197,010.
But by then the recession is history and the Fed is jacking up rates to stem inflation. If mortgage costs rise a point, to 6.5%, your monthly payment would be $994.94 and you'd have saved nothing. Meanwhile, home prices might steady and sellers might become less willing to negotiate. And you have spent a year living someplace you'd rather not be."
From www.CNBC.com It's a Good Time to Buy Your First Home --- Really It Is
"The latest stimulus bill out of Washington raised the limits on decent, low-downpayment government-guaranteed mortgages. "
"If you've been thinking of buying a house in a year or two, you might want to change your timing and start looking now," says Atlanta financial advisor David Hultstrom. "
From www.AskMen.com Investing in Real Estate 
"In fact, most people aren't willing to take the risk that real-estate investing entails; fortunately, these are the same people that will make you rich by renting from you. The little secret is that there are hundreds of individuals who procrastinate for every one individual who has a vision and chooses to take the risk." |