Jan
29
Here’s Why Now Might Be a Good Time to Be Looking Over the Real Estate Listings
Filed Under Mortgage
Even though home prices have tanked and are still sliding downward, we’re starting to see signs that home values may be rebounding from their historic lows. Although the article cites a drop in home sales, it also cites a slight shrinking in the inventories of unsold homes, which could be the indicator in a slackening in the slide in home values that we’ve been seeing for the last six months.
But, if home values are rebounding at all, that means that it might be time to start perusing the real estate listings for bargains that can be snapped up as either rental properties or investment properties. Despite the problems in U.S. real estate markets, real estate will always hold at least some of its value because no matter what, people will always need somewhere to live. Just as people will always need utilities, food, water, clothing and medical care, people will always need a roof over their heads. What makes real estate hold its value is that it is a finite commodity. After all the livable land is used up, there’s really no practical way to make more.
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I was with my buddies the other day at the paint ball range shooting airsoft guns, and we were talking about this. This IS a good time to buy, but of course it’s the hardest time for those who have been impacted by the economic downturn. Kind of a rock and a hard place type of situation.
yeah, it’s the perfect time. We’re trying to buy one right now, but with hard times comes hard to get financing. I thought it might even be hard to get furniture–luckily, it wasn’t.