I read a very interesting post this morning on venture county real estate talk that touched on whether or not it is a good time to buy real estate. I encourage everyone to read the article as it elaborates much better then I could.
I had some thoughts as I read the article. First of all, the real estate market is about as unpredictable as the stock market. Sure there are some indicators that can help us try to calculate what will happen, but there is no sure thing. The market could shift at any time. Just as quickly as the market became a seller's market a couple of years ago, it became a buyer's market.
If you ask 20 agents the current condition and future outlook of the real estate market you are likely to get at least 20 different answers. The reality is that nobody knows for sure. So the question in today's market remains the same, when should I buy a house?
Again, if 20 people ask the question, there should be 20 different answers because every one's situation is different. You need to evaluate what is going on in your life and determine if it is right for you.
Remember, when it was a seller's market everyone was saying,"I wish I would have bought a house a year ago!" Don't get caught making that same statement the next time a seller's market sneaks up on us.
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