You’ve been reading negative stories about the housing market, and while some are experiencing a slowdown, it’s still no reason to keep you from pursuing the American Dream.
Anyone who’s watched the industry for the last 30 years will tell you that it’s a natural cycle, much like the adjustments the stock market experiences. All’s well that ends well after a period of time passes.
Remember that housing is a long-term investment. Some people tried to create high yields over the short term, and that’s part of the reason so many markets are experiencing readjustments now.
Regardless of whether housing is up or down, individuals and families will always have a need to buy or sell.
Home sales last year actually surpassed those of five years ago, which was another record year. Interest rates and prices are at historical lows, creating an excellent atmosphere for qualified buyers.
When reading the gloom and doom about foreclosures, it’s important to keep the reports in perspective. Most defaults are associated with subprime loans, which account for less than 10 percent of all mortgages. Of those, only 0.6 percent are currently in foreclosure.
Now is the time to turn to the advice and guidance of a trusted local Realtor, whether you’re buying or selling. Just keep a level head and take advantage of positive forces in the current housing market.
The Placer County Association of Realtors is the professional trade association representing approximately 3,300 Realtors, affiliates, and other related representatives in Placer County. Call them at (916) 624-8271 or visit their Web site at www.pcaor.com.