There are so many questions the consumer has in today’s market that seems to be leading us down the path that today’s real estate market is "bad". Those who bought for all the right reasons with sensible financing are doing very well. The reason being, is that a home purchase is much more than an investment. There are still plenty of people who bought in 2007 who are still quite happy with their situation. I believe that almost anytime is a good time to buy your home if the time is right in your life. This was considered a fantastic time to "get into the real estate market" and I heard over and over what a "Great Real Estate Market" it was. There were all kinds of financing options available to those with all different levels of income, credit history & down payments creating an incredible and unprecedented consumer purchasing power. In fact it was not unusual to have four or five buyers offering on one property. In 2006 everyone was completely convinced that if they owned a home, they were doing the very best thing for their future, no matter how they bought it or at what price. Pre-conceived notions have and will continue to keep people out of the market when they really should be in. A few months ago, I wrote about perception and how it relates to the real estate market.
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