ou probably recall playing a year for the last few years.
a game called “Telephone” It doesn’t require a degree in
when you were younger. Economics to understand that no
Someone would whisper a statement product can continue having
into your ear, and that person outrageous price increases and
would pass it on, until the sustain unit sales. The East and
message finally came back to the West Coast real estate markets
one who started it. Everyone have always had violent peaks and
would break into fits of laughter valleys and that is what the
upon hearing how jumbled the media continues referring to.
message became as it went from
ear to ear. Well, numerous The Midwest has always enjoyed
articles have recently appeared stable markets that follow
in The Wall Street Journal, USA similar trends, but with prices
Today, The Chicago Tribune and varying only slightly. In a good
other publications, stating that year for the Midwest, we may see
the real estate industry is going a 7% gain, while a bad year might
through a “doom and gloom” phase show only a 2% increase. The
right now. Just like the homes in the Midwest are not
“Telephone” game, the story gets showing an increase in home
bigger and more out of proportion values right now. This has
as more media put in their two created a slight market
cents worth. adjustment, meaning that real
estate is going down 2% in the
A few months ago, the media told Midwest, and not 30% that is
us the housing market boom had typical of both Coasts. Everyone
burst. They were referring to knows that a story has to be
markets in Florida, Las Vegas, exciting and of high interest to
and both Coasts, where markets make the news; and, the market in
have been appreciating at 25-30% the Midwest just doesn’t meet
that criteria! Statistics show that the average
person moves every 5-7 years.
That brings me to the title of Why? Because life circumstances
this article, “Now is the time to change, the kids leave home and
buy!” Buyers believe what the you need to downsize, more mature
media says about the real estate buyers are looking for the
market, even though they are convenience of ranch-style living
reporting on markets other than with everything on one level,
the Midwest, so they decide to maybe you’re ready to start your
put their plans of home ownership family and need more space,
on hold. At the same time, there newlyweds decide to invest in a
is a glut of available homes on home and build equity instead of
the market. High inventory of renting, and the beat goes on.
homes, now at an all-time high,
means many sellers are reducing So, you see, people will always
their asking price, many going move from home to home. The only
way below market value. The question is when and the best
result is obvious! You won’t answer for the best value is now!
find a better time to buy, with With home prices bottoming out,
prices and sellers so flexible! the market has corrected itself
Why not take advantage of these and inventory is high. Buy now,
low prices before the rest of the before everyone else jumps on the
Buyers figure out what is bandwagon. You’ve heard the
happening? adage, “Strike while the iron is
hot!” Well, the iron is HOT; the
Most people own a car and a house time to buy is NOW!
because you need transportation
and a roof over you’re your head.
About the Author:
Kris Kombrink has been working in his family-owned real estate business since 1995. Specializing in Geneva, St Charles and Batavia Illinois residential real estate his team stays on top of the latest trends while maintaining superior customer. Learn more about his team at http://www.kombrink.com
Read more articles by:
Marv Kombrink
Article Source: www.iSnare.com 
