Fall is here, summer is long gone, kids are now entrenched in schoolwork and the WORLD MARKET has gone haywire.
The Real Estate market remains to be a "Buyers" market.
With higher inventory, "Buyers" are now taking their time in choosing their "DREAM HOME".
As everyone knows, house prices have rocketed upwards in the last several years to unbelievable heights. Inventory was low, "Buyers" were many and hence the dreaded "multiple offers" took off. Home Sellers loved it, Home Purchasers not so much, especially if one was a "First Time Home Buyer".
A correction is occurring and where it will stop remains to be seen.
I do believe that we live in a "World City," and as such we do see "World" upheavals as well. However, since Expo'86 the world has discovered us and with the upcoming 2010 Olympics once again, we will be on center stage with the world coming to our doorsteps.
WHAT TO DO NOW?
Does one wait or does one jump in? With the prices dipping slightly, this indeed may be a good time to buy. Real Estate prices are always on the move, either up or down, never staying in one place for too long. If prices appear stable and flat, it is only perceived, prices actually move up or down on a subtle scale.
DON'T FORGET, REAL ESTATE PRICES GO UP, REAL ESTATE PRICES COME DOWN – THIS INDEED IS A FACT OF LIFE.
I'm here to help you with your decision.
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