Will Investors Shift Their Money Back Into Real Estate?
June 30th, 2008 categories: Home Buyers, Real Estate News
With the stock market hovering above bear market statistics, will investors shift their money back into the Real Estate market?
Just a thought…. The stock market has become increasingly volatile, and many investors are moving their equities into cash.
Real Estate prices have dropped to 2004 levels and Sellers are more motivated than ever. If there was ever a time to “buy low”, this is it.
I looked at 10 homes over the weekend, a few of them were ”bank owned”. The great news is that buyers had submitted purchase contracts on two of them. These homes were priced very competitively and were in good condition. In 5 years, both of these homes will be worth more than what the buyers purchased them for. These buyers not only have a place to live at a fixed monthly rate, but tax deductions on the interest paid, and an investment that is appreciating.
The Real Estate market is going to turn around and if you want to “buy low and sell high”, now’s the time.
