Wednesday, October 21, 2009
Is this the Bottom?
Now may be the brave loner's window of opportunity in snatching up great real estate, at bargain prices, with record low mortgage rates, as economists predict that we are already into a “jobless” economic recovery. First time buyers have the bonus of an $8,000 tax credit, which is currently scheduled to expire next month. Some markets are showing a cautiously optimistic uptick in activity and volumes are up at both the low end and the high end of the market.Both the Master Builders Association and the National Association of Home Builders predict continued depressed prices until a turnaround perhaps by the end of 2009 and the first two quarters of 2010. Investors would be wise to step up their offers now….