Friday, May 08, 2009

It is the perfect real estate storm

This is why we are in the perfect real estate storm for buyer's. This storm is a good thing.

Record low mortgage rates

High inventory

Low prices

Most if not all of us alive today will probably never see the same opportunity to buy real estate.

Real estate historically goes up between 3 and 4 percent per year. Take out the rocket ride up of a few years ago and the over the cliff plummet of recent times and we should end up right back at that level.

And throw in the government $8,000 incentive for first time home buyers and some decent short sale and foreclosures driving down prices just to put icing on the cake.

This is one of those moments in history where everyone will say "I should have bought a house back then."

Enough said.

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

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