Nearly two-thirds of economists and real estate experts recently
polled say the U.S. housing market is at a historic turning point. This
is according to MacroMarkets LLCâ€™s June Home Price Expectations Survey
published in June 2011.
In this same article was published a chart that showed a
â€œdouble-dipâ€ in the price of housing in the U.S. The graph went sharply
up until 2005 then dipped down, then rose again and then dipped again â€“
That in itself is great news because it confirms the expert
opinions indicated above. But what they did not point out, but was plain
as the nose on your face, is that the graph, which started in 1987 has
gone up and up and up over those 24 years.
Do you think that the value of a home you buy today will be up or
down in 24 years? Survey says â€“ UP! And did you really have to think
about it? Well if you buy a home today with a payment around what you
would rent it for anyway, you get tax breaks because of it, you wonâ€™t be
forced to move because your landlord is selling the house, and it goes
up in value over time â€“ then who cares what the press publishes as the
bad news. Thatâ€™s all they publish is bad news because purportedly, that
sells newspapers. Stop reading and listening to the bad news and act on
what you already know!
Buy that home now because you know that over time it will pay off.
Forest Tardibuono- the Guy in the White Hat â€“ is a CA DRE Broker with more than 23 years
of experience in real estate and lending. His phone number is (707) 523-2099. Email is Forest@sunpacmortgage.com. See website @ www.sunpacmortgage.com.