1 + 1 = LOTS OF $$$$
In the stock market, it's time to buy when the market is low and doing poorly, and that time is NOW for the real estate industry. With the stock market acting unstable, it's time to take that money and park it in real estate. Looking at past real estate market down turns, it has taken 6 years for the cycle to bounce back, but there's something different about this adjustment we are now experiencing.
The difference is some simple math: Interest Rates at their lowest point in years + the Median Price of a Home down for the first time in a decade = Time to Create Wealth in Real Estate. In addition to these two facts is the reality that the sub-prime market has hit it's low, meaning that the inventory of foreclosures is going to be dimishing, which in turn means that all of those great bargains are going to be disappearing soon.
Because of these facts, the real estate market is adjusting faster than in the past, more like a 4 year cycle than a 6 year cycle. That's good news.
What do we recommend you buy? The best buys right now are foreclosures that need cosmetic updating (about $15,000 in repairs/remodeling) that are in good neighborhoods, are 3 bedroom homes that can be made into 4 or 5 bedrooms homes. Other good buys are move-up/trophy homes, townhomes, duplexes and multi-plexes. The move-up/trophy homes are being drastically reduced, which means bigger savings, as well as bigger gains when the market pops back up.
Please be sure to come to us with your real estate questions - DO NOT RELY on the mass media - it's their job to scare you and to NOT give you the full story.
