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Monday, November 15, 2010

Buy now and sell now!!

These times are very confusing for consumers but it helps to have
information from various experts in the real estate industry all summarized
for you here in our blog.
What are the experts saying for November? To quote John Paulson
on 9/27/10, the fund manager who shorted the housing market way
before it went down ,is now saying " If you don't own a home buy one,
if you own a home buy another one, if you own two homes buy a third,
and lend your relatives the money to buy a home also" He is the person
everyone is looking to for housing market advice. This comment sums it up.
Interest rates are predicted to go up over the next 7 quarters of at least one
full percent. So even if the prices of homes continue to go down in the next 12 months
the cost of the home can rise due to increases in interest rates. We are already
seeing an increase in the purchase of luxury homes as savy buyers understand
that the "Cost" of homes are at an historic low.

So invest in an assest that is tangible and at an all time low cost. (What do we
say about stocks, buy low and sell high!

1 comment:

Unknown said...

It sure is a buyer's market, so if you can afford to, there are some great houses for sale in Virginia.