You probably remember playing a game called “Telephone” when I was younger. Someone whispered in my ear a statement, and that person is sent until the message is finally returned to whom it began. Everyone would fall into fits of laughter when they heard how the message became confused, when he went from ear to ear. Well, many articles have recently appeared in the Wall Street Journal, USA Today, the Chicago Tribune and other publications, indicating that the housing sector is the subject of punishment “and sadness” phase now. Like the telephone “game”, the story is more and more as other media put their two cents.
A few months ago the media told us that the boom in the housing market has exploded. They cover the markets in Florida, Las Vegas, and both coasts, where markets were appreciating at 25-30% annually in recent years. Does not require a degree in economics to understand that no product can continue with the outrageous prices and unit sales support. The East and West Coast markets, real estate has always had peaks and valleys of violence and that is what the media refers.
The Midwest has always benefited from stable markets, following similar trends, but with prices that vary little. In a good year for the midwest, there is an increase of 7%, while a bad year may show an increase of 2%. The houses in the central region does not show an increase in the value of homes at this time. This created a slight adjustment of the market, which means that real estate is down 2% in the Midwest, not 30% which is typical of the two coasts. Everyone knows that the story should be exciting and a great interest in news and the market in the Midwest not only meets this criterion!
This brings me to the title of this article, “Now is the time to buy!” Buyers believe what the media says about the housing market, although reports on other markets in the Midwest so they decide to put their plans on hold property. At the same time, there is a glut of homes on the market. housing inventory high, now at a record level, this means that many sellers are lowering their prices asked, how many are below market value. The result is obvious! You will not find a better time to buy, prices are so flexible and sellers! Why not enjoy such low prices before the rest of the buyers to know what happens?
Most people have a car and a house because you need transportation and a roof over your head. Statistics show that the average person moves every 5-7 years. Why? Because life circumstances change, children leaving home and needs to reduce its size, the more mature customers looking for comfort lifestyle countries on one level, may be willing to start their families and need more space, the newlyweds decide to invest in a home and build equity instead of rent, and beat again.
So you see, people always move from house to house. The only question is when and the best answer for the best value is now! With home prices lower, the market has corrected and the inventory is high. Buy now, before someone jumps on the train. You’ve heard the saying “strike while the iron is hot!” Well, the iron is hot, time to buy is NOW!
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