Thursday, December 24, 2009

If You Don't Buy a House Now, You're Stupid or Broke

Interest rates are at historic lows but cyclical trends suggest they will soon rise. Home buyers may never see such a chance again, writes Marc Roth for Business Week.

3 comments:

Anonymous said...

Isn't it a bit embarrassing to be a buyers agent and not realize that low interest rates are bad for most buyers?

Or that the real estate market has a bit to fall, (depending on location/tranche) and this will benefit buyers who wait?

Or that most of the govt tax credit has gone into the pockets of sellers and their banks, (As it was designed to do?)

A bit of basic research on google will teach you lots.

Peter C. Fyler, SplitRock Real Estate LLC said...

Dear Anonymous -- Thank you for your comment. I am not embarrassed at all to be a buyers agent. Since I posted this entry in December 2009 I have assisted a number of my clients to make informed buying decisions for the purchase of 'generational' properties. They are still very happy with their decisions, and they are still happy and friendly with me.

Today, in March of 2010, I would refer you to an excellent article in the March issue of U.S. News and World Report written by Luke Mullins: "The Great Real Estate Revival". None of us has a crystal ball, and I just try to do the best that I can because I am passionate about what I do.

Ryza Clemente said...

We may have hard times in our business but it happens to everyone. Composure is really important in everything specially in Real Estate Business. Even if there are issues that affects our business, we should continue as if it is normal.

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