Thats what Dr. Steve Sjuggerud says in his most recent post. Actually he says we are near the bottom. So what does that mean? If your buyers are waiting they will find out they waited too long. And Sjuggerud is pretty good. I read his letter when he was recommending Housing Stocks way before they were sexy, and he dumped them way before we heard the word bubble.
I list his analysis over at the Positive Real Estate site. I am not sure if you get what this site can do for you. It lists a library of positive news on your profession, on your product-housing. No bad news is allowed. And the bubblistas have tried. I simply will not be fair and balanced. Its all roses and flowers all the time. Well pretty much anyway.
It gives you a starting point in compiling a ton of reasons why now is a good time to buy. And you are welcome to add these stories in yourself.
Today we had 20+ call for agent wanting real estate photos. Yesterday we had 15+ calls. So it appears that at least the market in SE Missouri is turning around.
Posted by: Cape Girardeau Missouri Real Estate | June 4, 2008 at 04:00 PM
It is wonderful to hear something positive for a change, thanks for that!!!!
For some reason, Real Estate seems to be an emotional buy for people and they often want to buy at the wrong times. With stocks, people do well with the Buy Low/ Sell High mentality. When it comes to real estate, it seems that they want to buy "when the market is hot" and are afraid to move when things slow down.
When do investors buy???? NOW!!! There are great deals out there!
Posted by: Wendy Polisi | June 5, 2008 at 11:38 AM
I know there are people here in Utah that are waiting due to the recent high spike that we had here. The market experienced a 30% inflation and there are many people who bought at the wrong time and have lost their shorts.
Due to that I know people are waiting however there will be many who wait to long like you say they will. Great post.
Posted by: Richard - Cedar City Real Estate | June 5, 2008 at 01:44 PM
Absolutely, enough negativity around. This is the absolute best time to buy, especially if you have a good Realtor and Lender to help you navigate through the market!
Posted by: Jonathan Blackwell | June 9, 2008 at 06:46 PM
The D-day for buyers has to come once. The fall was substantial, but has to stop once. Half a year ago I read many articles, stating that end would come during the spring. It seems the recovery is coming now, at the beginning of summer!
Best wishes!
Jay
Posted by: Vancouver realtor | June 12, 2008 at 11:21 AM
I think we can see the light at the end of the tunnel. Canada is starting to grow again, and America is starting to show some promise. When this article was written, i would say the premise was a little premature.
Posted by: Burnaby Real Estate Agent | August 4, 2009 at 12:40 AM