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The American Dream

With the new momentum in the real estate market, I recommend buyers take advantage of the current market before trends adjust.

Over the past 16 years of selling real estate, I have worked through many stages of a real estate market. Instead of focusing on any negatives of our past and current market, I recommend that we focus on the positive. This year there is a new momentum in the real estate market.

As a buyer, be smart about your options and take advantage of the current market before it becomes a seller’s market. Interest rates are still low (4.5 percent and lower for qualified buyers) and there is a strong supply of homes. Note, mortgage rates in the early “80’s” hit a record high of 18 percent. With today’s low mortgage rates, buyers are saving incredible amounts of money on their home purchases. After facing these great benefits in today's real estate market, why would you want to rent and give your money to someone else? Isn’t one of the American Dreams to own your own home?

While owning a home is part of the American Dream, I am sympathetic to the tougher financial economy we live in today. Although our country has seen worse, we are still struggling to improve again. This doesn't mean that owning a home has to be out of reach. If you’re interested in buying a home or investment property, you should take advantage of the current economic state. There is speculation that the real estate market has started it's upswing again. While that upswing continues to improve, the supply of homes will get smaller, house prices will go up and mortgage rates will again climb. Instead of waiting to see what happens, now is the time to lock in the best deals in real estate. The investment will be worth it.

I believe in the American Dream. I also know that real estate is one of the safest places to invest your money! Be smart and speak to a realtor today about your options.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Johnny Blade April 27, 2012 at 02:21 PM
The American dream would have home prices go even lower .. The realtors don't want you to afford a home, they want you to afford the PAYMENTS .. keep the bloated system going ... raising interest rates, and 20% down will not make this a sellers market .. please what will make it a sellers market?
The Donny Show April 27, 2012 at 02:53 PM
I think it is still a huge buyers market and will stay that way for the next 3-5 years. Prices will continue to drop. If you can wait even 6 more months, the same house you would buy over on Farwell that is today 459,000, may then be 429,000.
Piera Dyer | Realty Executives Integrity April 29, 2012 at 04:41 PM
Currently, the spring housing season has active momentum which is a positive sign for our economy. Recently, I have seen some multiple offers. The public market controls the house prices which are still stabilizing and many people want to take advantage of the low interest rates. We are still in a buyer’s market which means the supply of homes is still high. Although, as homes get sold our supply of homes gets smaller and the buyers demand will get stronger. So if you are in the position to purchase a home wouldn’t it be wise to buy when prices are good and interest rates are low. Why not be a part of the American Dream?

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