Just my thoughts on buying Metro Detroit real estate

Some people are saying now is not the right time to buy real estate in Metro Detroit. If you have a solid job or think you have a solid job I think now is a great time to buy a home in Southeastern Michigan.

Here are 3 reasons why I think it still is a good time to buy

• Michigan Mortgage interest rates are still low.
• Large inventory of Metro Detroit homes for sale
• The $8000 first time homebuyer credit
• Fewer buyers competing for the house you want
• Home values in many cities are back to 1990 prices.

But right now if you are a home buyer or an investor your time span you should be considering for a home in Metro Detroit is ten years. You should not be plan on selling this home for at least 7 to 10 years. This is not a market for short term thinking. I don't think you should think about a five year time span to move. Buy for the long term or don't jump into this real estate market.

It is a good time to buy if you think your job is secure and if you are buying for the long term.

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