I like to think I’m an optimist, but I’m really a realist. Things have been crashing down around us lately; rising unemployment, falling house prices, foreclosures. However, as a realist, I am now very optimistic. Unemployment is stabilizing. Home prices in Virginia Beach have stabilized. Interest rates are the lowest we will ever see (that’s a bold statement, don’t you think!) The feeling that the capitalism was imploding is being replaced by the understanding that recessions happen. “Look Mom! The world didn’t end and things are starting to get better.”
There’s a statistic I look at every day. The number of homes that were sold for the week in Virginia Beach and the number of new listings. The number of sold homes is outpacing the number of new listings for the first time in years. This bodes very well for next Spring and Summer.
Here’s a wake up call. Prices are low! Interest rates are low! If you have been considering moving to a nicer neighborhood, now is the time. If you consider both the drop in prices and the drop in interest rates, your monthly payment will be just over half of what it would have been had you purchased in 2006.
Half! Half! Half!
Knock! Knock! Knock!
That’s opportunity knocking. Is it time to let him in?
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment