Even with our “slumping” economy, which may continue for awhile, there are some signs that the housing market is actually turning around.  After all, the housing market slump has been around for some time before the economy really went sour (although there were signs for several month it may have been heading that way) - and the old saying, “first in the tank, first out of the tank” may hold true here.  There are signs that the housing markets in those areas that first experienced a slump, like California, are now “heating up” again.  This holds promise for our market that it may have truly “hit the bottom” and is soon to head up. 

What this means is, there will be more buyers in the market, which will fuel demand, which will eventually cause prices to start back up.  If you remember the lesson from economics class, “buy low, sell high,” you may realize NOW may be the LOW, and so the time to BUY.  Coupled with still low interest rates, this may signal that now is truly the best time in decades to be buying or investing in real estate.  But don’t take my word for it - read the following article, and when you’re convinced now is the time to at least explore the possibility, give me a call - I’ll be happy to talk to you about it.

Real Estate Outlook: Housing in Recovery