Aug 232013
 

What Is the Future of the Real Estate Market:

Buy NOW with a 30yr Fixed Rate mortgage

I recently answered a question on TRULI.com  about the future of the real estate market.  Here’s what I had to say about that:

The future of the real estate market is the past: it is CYCLICAL. As with many other markets—commodities, stocks and bonds, comic books and baseball cards—prices, values and activity go UP and they go DOWN.

If you seek to buy a home to live in and to reap the intangible benefits of homeownership, then the LAST thing you should be thinking is about market peaks and valleys. Create your “dream list” of location and features you want in a home. Get prequalified for mortgage financing so you know your limits in terms of the monthly payment for a mortgage loan. Then jump in the water, so to speak, and buy your home.

 

If, on the other hand you’re attempting to “time the market” well,

Good Luck with that.

In my nearly 24 years working in this field, I’ve seen many different “markets” come and go. But one thing has been constant: many people want to live in a home of their own. To them it doesn’t matter what the “market” is doing.

 

 

I welcome Comments for all my blog entries

but they must be approved.

I will be happy to review and approve all legitimate comments provided by readers of tcurranmortgage.com. I do not permit unfettered access to comments for obvious reasons: mortgage spammers and their ilk.

If you wish to Comment on any entry, please do so and I will quickly review and approve.

Thanks for reading tcurranmortgage.com.

Hope that helps!

Sorry, the comment form is closed at this time.