It's a Buyer's Market - So When Are you Going to Buy?

A buyer's market means there is an abundance of goods for sale. That means that you have good selections in new homes. You may be able to get that inventory home at a good price, and possibly a reduced one.

That means to you that when buying is a bit slower and prices and staying down, you are able to maximize your investment. Donald Trump is buying up real estate right and left now. What does that say? Buy low, gain equity. Just as in the stock market you want to buy low and gain value over the long haul.

Besides being an investment, your home is where you live your life. It is the backdrop for everything you do. It IS more than an investment for the large majority of people.

The Federal Courts have just ruled that the Down Payment Assistance programs are viable, and will continue, at least until further notice. What a terrific opportunity! Zero move-in is what it means to most buyers. Of course, a down payment is fine, but for those who don't have it, it's their key to home ownership.

Regarding local prices, they have been under control for a good while, and are on the rise again. Researching the local market will allow you to see that home builders have not decreased the prices of their properties, but only have given some discounts on selected inventory homes to keep things moving.

To review -- we've had plenty of new housing inventory to choose from. They are dwindling fast. Many were discounted to some degree. Interest rates are still historically low, but beginning to rise. Builders homes, following the usual trend are still having gradual price increases.

Sounds to me like the buyer who has been waiting on the sidelines needs to get off the fence and pull out his checkbook. Are you waiting for the rates to rise, and for prices to increase? So when ARE you going to buy?