Friday, October 13, 2006

SUPPLY & DEMAND

There has been a lot of news media in the recent past about the "slowing housing market"....

Did you know that this year ranks among one of the highest in home sales? Well, probably not, the news media isn't talking about that.....

There are times when the economy is brisk and everyone feels confident about the future. As a result, people spend money. They eat out more, buy new cars, and they buy houses!

In a slowing market where the supply of available houses is greater than the supply of buyers, appreciation may slow and prices may even fall. If you are lucky enough to purchase a home during a slow period, you will probably have lower interest rates available for financing, you can be reasonably certain the economy will begin to show strength again and along with it higher appreciation rates.

Well, we are in that SUPPLY & DEMAND timeframe, interest rates are low AND NOW IS A GREAT TIME TO INVEST IN A HOME PURCHASE!

Since 1983, we have had two failrly long expanses of hot real estate markets with only a slight recession in between each. You would not want ot wait nine years to buy a home, would you? You could miss out on a substational amount of appreciation by waiting, and end up paying much higher prices.

BUY NOW - THERE IS A FABULOUS SUPPLY - LOW INTEREST RATES - LOW PRICES!

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