Monday, May 18, 2009
Wednesday, May 13, 2009
Have we bottomed out?
I can only comment on my area, the Gold Coast of Chicago – and I think it may have bottomed out. And if not, well, close enough!
My view from working in the trenches here is that optimism is up, sellers are more flexible on pricing, buyers are ready to buy - the prices may be at the bottom and combined with the best fixed term mortgage rates this has become the year to buy. In five years, I believe this is the year you will look back and say, “2009 was the year I should have bought!”
So, wouldn’t you rather – 1. Be living where you want? 2. Look back in five years and say, “I did buy in 2009!”
So – taking my own advice, I just bought a new place. I will sell my current home for a little less…but I am buying for MORE LESS…and, most of all, I am going to be living where I want. Let’s not forget that part – the living where you want part!
Go for it? Bottom, maybe. Good prices and rates, definitely!
My view from working in the trenches here is that optimism is up, sellers are more flexible on pricing, buyers are ready to buy - the prices may be at the bottom and combined with the best fixed term mortgage rates this has become the year to buy. In five years, I believe this is the year you will look back and say, “2009 was the year I should have bought!”
So, wouldn’t you rather – 1. Be living where you want? 2. Look back in five years and say, “I did buy in 2009!”
So – taking my own advice, I just bought a new place. I will sell my current home for a little less…but I am buying for MORE LESS…and, most of all, I am going to be living where I want. Let’s not forget that part – the living where you want part!
Go for it? Bottom, maybe. Good prices and rates, definitely!
Subscribe to:
Posts (Atom)