There has never been a better time to buy a house. There will never be a better time to buy a house.
That is, unless you can wait another 40 years.
Rarely do we have this confluence of events. Interest rates below 5%. Prices 20 to 50% below what they were 2 years before. A tax credit of $8,000 for first time buyers.
If you have even an inkling of optimism, it's a phenomenal time to buy your first house ... or sell your house and move up, or buy investment property. When you buy now, you build equity automatically because you're buying at the low.
We're bumping along the bottom, which may continue for the rest of the year. After which, most economists expect home prices in this area to slowly return to more normal levels. At the same time, interest rates will return to their normal levels, or possibly higher. So if there is a right time, it's right now.
If you'd like to get started on taking advantage of this perfect storm, just give me a call in my office: 510-273-9318!
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