What a Great Time to Buy a House! 

In fact, it’s the best time in the last 10-12 years! You can still get an interest rate below 7%, even on a jumbo loan. Competition is far less, and in many cases, it’s possible to negotiate -- a novel idea in these parts. Prices, for the most part, are 5 to 20% down from their all-time highs of 2 years ago. And there is far more to choose from. 

All these things coming together at a time when the economy is still good rarely happens in this area. In fact, the last ice age comes to mind.  

Now for those who want to wait for the “bottom,” the problem is no one will know when the bottom is here… until it’s 3-4 months past. It’s only when you read the headlines, which usually lag the market by about 3 months, that you can look back and say, “Gosh, I should have bought … or traded up at the end of 2007, beginning of 2008.

What we do know is prices have fallen and inventories have increased since 2005. If we’re not at the bottom, we’re very close. Chances are when the mortgage industry gets back on its feet, and the fear and headlines begin to subside, more buyers will be entering the market. In fact, in the last month, I’ve been contacted by more buyers than in the last 6 months.  

To find out where the best places to buy in this market, call me anytime at: 510-868-1487. You have nothing to lose … and everything to gain. Now is a great time to buy!