Don't believe everything you read or see on the TV news programs! As a 30 year real estate veteran, it is my opinion real estate continues to be the best financial investment anyone can make. There is always the good, the bad and the ugly with anything. The good about todays' real estate market.....lowest mortgage interest rates in my years as a REALTOR......lenders are renogiating with homeowners to assist against foreclosures......housing is more affordable than prior years......there are many bargains for first time buyers and investors......undedicated and uneducated REALTORS are leaving the business-which means you have more experienced agents to represent your real estate transaction.
The bad about todays' real estate market....credit issues are tightening (more restrictions, more documentation, appraisal issues etc.)....consumer confidence is low due to negative PR by the newspapers & TV news programs....buyers looking at homes are waiting for who knows what! The ugly about todays real estate market....the negative impact the bail-out issues could have!
Quit living in the past. Home prices are what they are today. Get over 2003-2005 prices! Be realistic about your real estate expectations. NOW is a great time to purchase a home! NOW understand that we are in a BUYERS Market...your home must be priced according to what a buyer is willing to pay and what an appraisor says it is worth. NOW talk to a REALTOR and a local mortgage lender to learn the market value of your present home and what is available to purchase. You may see that the negative press is not telling you the truth!!