What was said? Paraphrased - '...it's a good time to buy a home...some people have realized that prices have come down...'
Of course the piece was presented with the caveat 'if you can afford to buy one'. Well, clearly that's the case. The media has been hammering day-in and day-out about the mortgage crisis / housing market debacle and the perfect storm that precipitated it but this post isn't about that. It is about the current real estate market, the value that exist for buyers, and that the national media has "validated" the buyer's market. It just may be the time to buy, so they say.
It's a good time to buy a home! Must this statement be followed by 'if you can afford it'? Hopefully not, isn't this true for any purchase - a car, a TV, a refrigerator?
Right now I'm helping a family move up from a rental home to a beautiful 3 bedroom home with swimming pool, spa, 2 car garage...etc. for a price that is below what the owner's paid for it in 2003! 2003 was not part of the "crazy days" of inflated prices. It is a great buy and it not a short sale nor is it a foreclosed property. What more could anyone want? OK, they're getting a mortgage to boot!
Additionally, my website which is usually pretty active, has been off the charts for the past few weeks. Mostly with people that been visiting the area for years and want to buy a piece of southwest Florida sunshine but have not been able to in the recent past. They realize that now is the time to buy, if ever, that seasonal or vacation home. Many of the inquries are from people thinking a little further out in time and they are looking to buy their retirement home now to use now and 5 - 10 years later after retirement.
It's a good time to buy a home...Naples, Bonita Springs, Estero, Fort Myers.
Lastly, the national NBC-TV news highlighted southwest Florida as one area with the best buys and stepped up activity.
