This is certainly a question that is on everybody's mind. If you have sharp ears you will hear it at Sporting events, Restaurants, Parties, etc..
And the answer is- the market is just fine. If your a Buyer it presents a great opportunity. Historically low interest rates, high inventory and lower prices. Combine this with the tax benefits and you have a great opportunity.
According to David Bach, in his book "The Automatic Millionaire Homeowner" "the average homewoner is more than 34 times richer than the average renter" while this data may be admitedly somwhat dated, the message is clear. Virtually nobody will get rich a renter. Home ownership breeds wealth.
Forget the irrational exuberance of 2000-2005 by and large this formula will hold true. I think prices have somewhat stabilized and we're going to bounce along the bottom for awhile. But hopefully the worst is over!
Author:Andy Walker Phone: 201-424-8628 Dated: November 3rd 2011 Views: 1,023 About Andy: Having lived in New Jersey for over 20 years, I have been a top producing Realtor and member of the ...
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There are some interesting trends developing in the local Real Estate
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