My New Blog

August 25th, 2007 9:03 AM
You may be wondering if now is a good time to buy a home.  Actually, the time has never been better.  Prices have ceased their decline and there are more homes for sale than ever before.  That makes it a BUYER'S MARKET and a perfect time to buy.  It's also a GREAT time to purchase an investment property.  Real estate values traditionally run in 7 to 10 year cycles.  Picture a clock.  At the top of the clock (12:00) is the peak price and activity time.  As sales slow and/or prices decline, we move clockwise around the clock.  Time on the cycle cloci doesn't always move at the same speed.  For example, during the past 12 to 18 months, we have gone from the peak (12:00) to about the bottom (6:00).  Cycle time will move very slowly over the next 1 to 2 years to only about 7:00.  Then, we will gradually move up the clock for another 4 to 6 years to a new peak (12:00) again.  And, historically, real estate appreciates on average 5 to 7% per year.  That means that if you purchase now, the home you buy will be worth about 70% more at the peak of the cycle than it is now.  So, YES, NOW IS THE RIGHT TIME TO BUY!  For more information give me a call.  (435) 313-3079.

Posted by Roger Downward on August 25th, 2007 9:03 AMPost a Comment (0)

Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:

Roger Downward P.O. Box 460699 Leeds, UT 84746
Phone: Cell:

Selling your own home | Your FICO score | Closing Costs | Tell a Friend | Our Listings | Our Featured Homes | Home | Staging Your Home | Staging Checklist | Mortgage Calculators | My Blog

Copyright © 2012 Roger Downward
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: