What the Optimists Are Saying About the Market Trendby Evelyn Krazer on 11/02/10
All of the real estate optomists say the market will eventually catch up to the historical trendline with larger-than-average price appreciation. Record low mortgage rates will make homes even more affordable for those with the means to borrow. Put the two factors together, and buying a home might be an incredible bargain as long as you're not looking to make any quick profits from it.
The savvy St. Louis Metro area buyer pays more attention to slow growth and debt reduction. The savvy buyer knows that the carefully cared for property will fetch a good price when the time to sell comes. The savvy buyer knows you cannot participate in the gains unless you are in the market.
The old adage to buy when everyone is selling, and sell when everyone is buying continues to hold true in our area and surrounding cities, too. Prices and interest rates are at record lows. If your looking to buy, don’t wait and get left out in the cold.