One Minute Housing Report ~ It's a Great Time to Sell (and Buy)!

Is now a better time to buy a home or to sell a home? The general consensus is that the housing market has hit a long-awaited neutral spot, meaning that prices have somewhat stabilized but could still go down a little or up a little.

It's a good time to sell! If you believe that the banks are holding on to a shadow inventory of homes that will be released on the market causing a downward pressure on prices then it's better to sell now before prices drop.

It's a good time to buy! Home prices have come down drastically from the highs and mortgage rates are the best we've seen in generations. The odds are that rates will be going up so even if home price were to decrease your monthly payment may increase.

It's always a good time to buy - and to sell. Every time a house rises in value, there's a person who makes money and a person who says "Darn!" And every time a house loses value, there's a person who says "Darn!" and a person who says, "I got a steal!"

Bottom line ~ it's a great time to sell and/or buy!