Happiness is

Housing starts are down.

Foreclosures are up.

Mortgage rates are down.

I have a smile across my face.

These things are all connected.

When people ask if it is a good time to buy. Think of a couple of questions.

Do you think housing prices have dropped? The answer is probably yes.

Do you think housing prices will ever go back up? If the answer is yes, then you have answered the question about is it a good time to buy.

The decrease in housing starts puts more pressure on the resale market, so that will help clear up the foreclosures eventually.

Foreclosures are helping keep the market prices down.

A combination of lower housing prices and lower mortgage rates means more people can afford homes which helps increase sale.

Yippee!

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com