Reader's Question:
I read a newspaper article recently that said the market is up, sales are increasing and homes are selling. Is that true?
Christian's Response:
Reader - Sure it's true. Think outside the box.
I read a newspaper article recently that said the market is up, sales are increasing and homes are selling. Is that true?
Christian's Response:
Reader - Sure it's true. Think outside the box.
The market is up compared to when? Last week, last month, last year?
Sales are up compared to what? What price ranges?
Sales are up for home buyers between the ages of 30 - 40 that have a spouse, 3 children, 2 cars, 1 dog, a fish with one eye, and a cat with a wooden leg?
Articles like that really get me. There are multiple facets to consider and think about.
People that make statements like that should be careful because making such a general statement is:
A) inaccurate and
B) unfair to all homeowners as it gives them a false sense of reality.
Everyone is suddenly an expert and any one can make any claims they wish. The author of that article, in my opinion, is polishing a turd.
Don't rely on articles.
Use the brain that God gave you.
The market will be picture perfect and homes will fly off the shelves when you see the following:
A) Gainful employment being offered rather than massive lay off's, job cuts, and corporate bankruptcies.
B) Lenders willing to lend money and release some of the piles of cash they now have in their possession (remember that 700 Billion Dollar Bailout, Where's that money?)
And lastly
C) When real estate pricing has settled and come back down to true values and comfortable levels that people can truly afford.
