We believe very strongly that now is the time to buy a home. Some will say we are just saying this to create real estate transactions and commissions. Because of that, today we will quote what those outside the real estate profession are saying to the people who look to them for financial advice.
Last week, in an article entitled It’s Time to Buy That House, the WSJ told their subscribers:
Continue Reading Wall Street Journal & Forbes: It’s Time to Buy A Home
Many of you know that I own and manage rental properties with my wife and mother. At last count we own and manage 94 units here in the Salt Lake Valley, I’m a fourth generation real estate landlord and investor and feel like I have my pulse on the market. I’m certainly not perfect and I’ve made some STUPID investments, but in the end I’ve made more good decisions than bad and we’re having our MOST profitable year EVER as property owners and landlords.
Standard & Poors released its May 2011 Case-Shiller Index this week. The index measures change in home prices from month-to-month, and year-to-year, in select U.S. cities.
May’s Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index’s 20 tracked markets. Only Detroit, Las Vegas and Tampa fell. Phoenix was flat. Hello, only Detroit, Vegas and Tampa… How incredible is that?
I’m absolutely blown away that a positive real estate report like this can be completely dismissed by the news, I read an article in the Tribune that actually made this sound like a NEGATIVE report. I guess misery sells because I’m not seeing anyway that much green is not good news! Let’s shout this from the rooftops and make sure clients are getting their fair share of good news as well.
Josh
I recently wrote an article for www.UtahPhysicianHomeLoans.com that I thought had some great content and you might want to share with your clients. Enjoy and PLEASE let me know what you think!
Is it possible to increase our daily enjoyment, make an insanely well timed investment against inflation and out-think the majority of investors all at the same time? Buying a beautiful new home in the currently depressed and low interest rate market could deliver just that.
This month, I’d like to bring to your attention two very interesting economic reports having to deal with real estate affordability of the average buyer, which affects your decision to buy in this market. Our objective here is to stay ahead of the curve and be alert to the precursors that signal a possible bottom and turn around point in the local Utah real estate market. We don’t want to be like the average person sitting on the sideline, reading the Tribune about how prices have rebounded 10% this year. We’re smarter than that!
Continue Reading Living the Dream and Out-Thinking the Average Investor
