While many of you have been sitting on the sidelines waiting for prices to drop, the word on the street is....THEY ALREADY HAVE!!
Here is one analysts view from Realtor Magazine-Daily News I received today:
Daily Real Estate News | November 12, 2008 | These Cities Are In Line for a Rebound
Have we reached bottom? In many cities, knowledgeable observers say yes.
In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended – and in some places sales have expedited.
"The indicators are starting to look better," says Adam York, an economic analyst with Wachovia.
Here are seven markets that SmartMoney magazine says are in line for a rebound:
Source: SmartMoney (11/01/08)
The Seattle region has been far behind the nation in
terms of lost value, foreclosures and slow downs. It
would appear we have hit the worst of times and prices
will slowly increase as inventory decreases.
SO IF YOU'VE BEEN WAITING FOR THE RIGHT TIME TO BUY, YOU BETTER DO IT NOW BEFORE YOU'RE CHOICES DECREASE AND PRICES & INTEREST RATES INCREASE. THERE HAS NEVER BEEN A BETTER TIME TO BUY!!
Call me today to begin your quest for the American Dream.......to become a homeowner. You could be in your own home in time for the holidays!!

