"The Housing Market Is Falling Apart

Category: Finance, Real Estate.

"The housing market is falling apart! Well, and I mean, economists love LOVE, to spread the gloom and doom.

This is a horrible time to buy a home, or sell a home or even LIVE in a home! " Have you been hearing a lot of news that sounds like this lately? When the economy's going great, they don' t get any attention. So, when you hear all that bad news, keep in mind that it sells newspapers. But as soon as the market changes, everybody's listening to them again. That's certainly not to say the market hasn' t changed. But that makes investing in real estate all the more enticing, if you know what you are doing.

It is still changing, in fact. But here's the skinny on investing in real estate. And guess what? It is one of the best decisions you' ll ever make. I' m here to tell you that this is actually a GREAT time to buy. These are called INVESTMENTS, and anyone that knows anything about investments will tell you that good investors are in it for the long haul. There are very few purchases you will ever make in your life that will actually increase in value while you are using them every day.

If you are thinking about investing in real estate in the current market, as long as you choose a property that is worthwhile and maintain it well, it will reward you with plenty of equity over the years. But if you are thinking of investing in real estate the smart way, using pragmatism and patience, this is a great time to buy. If you are a foolish investor that just wants to get in and out and turn a quick profit, this likely isn' t the best market for you. Prices have fallen on homes, and so have interest rates. Prices will inevitably rise back up, and you' ll be sitting pretty with a great interest rate and extra profit from your amazingly discounted price. So, you can lock in a mortgage at a fantastic rate and save money on your purchase price. Since sellers often have had their homes on the market for longer than they' ve wanted to, they may be willing to cut you a deal.

Everybody wins, especially your pocketbook. That's all the better for you, and they will finally be able to get on with their lives. If you are looking to buy a fixer- upper to rent out as an income property, this economy will benefit you, too. Just don' t be overly eager to flip your investment property. Because lenders are leery nowadays about handing out home loans to people with bad credit, and many people have lost their homes because their adjustable- rate mortgages went through the roof( literally) , a surplus of renters is soon to hit the streets. If that's your intention, it might take some time before it sells in this market.

The economy might be cyclical, but history teaches us that investing in real estate is nearly always a great decision for the long term. But by all means, rent it out. Despite what the media tells you, today is no exception to the rule.