Media Exaggerates Condition of Housing Market!

 The media thrives on bad news, sensationalizing everything they report, very seldom just “telling it like it is.”  Ever since Paris Hilton got out of jail, they’ve had to latch onto something else “big” and chose the housing market.  They make it sound as if everything bad happening to our economy is due to a weak housing market. 

The truth is now is the time to buy a house!  You won’t hear that from the media, but we’re telling you this because there are some excellent deals out there just waiting for you!  Inventory is high and many sellers need to sell NOW!  This means that a shrewd buyer with good credit can afford to buy their dream home now instead of later.  Investors can shop for a great deal now, flip the house when the market returns, and walk away with a good profit. 

The housing market is experiencing what is known as “deferred demand” where the need for homes is there, so demand does not go away.  Empty nesters and seniors look to downsize; young marrieds want to quit renting and invest in their own home; couples divorce and still want the investment of a home, albeit a smaller one; couples with growing families need larger homes . . . there will always be demand.

Today’s buyer understands that houses are not like plasma TVs.  When the price was $10,000, most people decided they could do without; but, as pricing dropped, more consumers decided to indulge themselves.  Houses are not like that.  Everyone needs to live in a home and will often change homes to meet their changing needs.

In summary, now is the time to move because:

1-     Inventory is high, offering a large selection and great deals

2-     Sellers are anxious to sell and many need to sell now

3-     Prices are at their lowest in five years

4-     A returning market means higher selling prices – not good for the buyer

5-     Deferred demand is accumulating, so the market will bust out because people will no longer wait and will decide to act to meet their family needs

Don’t believe everything you hear in the news!  The housing market is not as grim as the media would have you believe. . . it’s just more exciting to report bad news.  If you have good credit, act now!

 - Marv Kombrink has been working in his family-owned real estate business since 1991.  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 or email team@kombrink.com