We hear it every day on the National news, "the housing market is in terrible trouble and it might not rebound for years." Here in Mid-Missouri, things are still looking great.
Yes, the inventory is up some from a year ago, but we are still seeing homes being sold at a steady pace. Calls are still coming in for showings and why not, interest rates are very low, and money is still fairly easy to come by for most borrowers.
Also, now is a good time to buy, because some folks here in the Midwest are actually listening to the forecasters of gloom and selling their properties at a huge discount. For the savvy investor or home owner, this is a great time to buy.
Added together, low prices and great rates, what a profitable time to be in the housing market!
As an investor, the sub prime market situation has opened up a market for rentals, lease to buy homes and owner financing as exit strategies for these bargain homes.
So let those who may, listen to the doom and gloom of the housing market. As for the rest of us, let's take advantage of the situation and help those who need to rid themselves of a burdensome property and make it a win-win situation for all involved.
Monday, September 24, 2007
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