Well, it has been a long troubled trip, but it does seem that the monster is beginning to show signs of life once again. The loud thud you heard was the real estate market hitting bottom (we hope.)
Wall Street has a term that I hope won’t offend you called a “dead cat bounce.” The idea that even a dead cat will bounced if dropped from a high enough point and means that some recoveries are just a small bounce before another fall.
The experts can predict anything they want (and do) but my barometer is my business. In the last few weeks I have seen a marked increase in the number of people looking for homes. I have even been involved in a bidding war between two buyers, something I haven’t seen in some time.
So now may be the best time to make your move. With prices as low as they have been in years, and likely will be seen again. Mortgage rates are still low. This might be the best opportunity you are ever going to see in your lifetime.
Be sure to visit my website at http://www.dmsweeney.com
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