June 12, 2008 - 7:36 am
In the midst of all of the negative news in the media, locally we are seeing increased buyer activity and sales increase monthly. Movement of interest rates is upward. It is currently an incredible buyer's market. Are prices at rock bottom? Unfortunately, no one has an accurate crystal ball. But what will be the cost of waiting? Rebounding prices and higher interest rates?
Real estate remains a good investment for the long term. During the recent (few) years of crazy appreciations in our home values, we forgot that real estate is not a short term investment.
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