Why Is Now A Great Time to Buy Real Estate?

CBS Early Show

Money maven Ray Martin weighed in on the 03/14/2009 Edition about whether buying is indeed the way go to now.

Question:

IS THIS A GOOD TIME TO INVEST IN REAL ESTATE?

Answer:

"Yes, it is, and for a number of reasons. For one thing, housing prices are declining just about nationwide. Plus, mortgage rates are at a serious low. Rates on a 30-year, fixed-rate mortgage are at a level we won't see again in our lifetime. Finally, if you buy before December 1, you'll get an $8,000 tax credit if you're a first-time buyer or a buyer who hasn't owned a home in the past (3) years. For all those reasons, there'sreally never been a better time to go shopping for real estate.

NBC Today Show

Hard baller and former broker Barbara Corcoran said on 03/12/2009 this answer on the NBC Today Show:

"For the first time in a long time, you can actually get both a short and long-term gain on a real estate investment. With prices down, interest rates at record lows, and so may would-be buyers deciding to rent instead, it's a great time to buy a real estate investment."

Forbes.com

On March 31st, 2009, Forbes.com just came out with a list: "Ten things to buy before the Economy Improves", at the top of the list is=HOUSING. Their quote: "This may be the best time in generation to buy a home."

Kiplinger's Personal Fiance

On 03/09/2009, Kiplinger's Personal Fiance said this: "It's a good time to snag a bargain if you're confident in your job prospects and you don't plan to sell for at least five years."

Pew Research Center Survey

On 03/16/2009, Pew Research Center did another survey that showed "75 percent said it was good or very good time to buy real estate."

This is extra research that I provide to my customers, buyer/clients, and seller/clients.

Thanks for reading,

Anna M. Rose

www-AnnaRose-RealEstate.com

annarose@carolinaone.com