If you listen to all the bad news this beautiful country of ours is having, I am sure most
people are going crazy. Markets are down, unemployment is at 8%, and the real estate
market in so bad you will never own a home again.
I am here to tell you don't buy into all that junk. I could use other words but I will be nice.
I am here to tell you the real estate market in alive and well in Delray Beach and in other parts of the USA as well.
Many people are buying. Why you ask. I am going to tell you.
Home prices are down, way down. And this week mortgage rates where at a 5.2%
Now is the best time to buy a first or second home. Home prices have not been this
low in years. This is a real buyers market.
I know many people have lost there homes for different reasons. And here is where I get
into politics. Yes there where many investors that jumped on the real estate band wagon,
brought about by mortgage companies, banks and developers who bought up acres and acres of land, build towers of condos, and single family homes like there was no tomorrow. Raking in big profits while they kept raising prices with each new development. Then the bubble busted.
Something that the media kept hammering.
Home owners where talked into getting adjustable rate mortgages. Mortgages rates went up and homeowners now found out what an adjustable rate mortgage means. It gos up.
Honest people got screwed. I have heard people say even some congressmen, they should have read the loan papers. Trust me nobody dose. For the first time in many peoples lives they could buy a home. Why would you not want the American dream for themselves.
If they did read the loan papers, most people would not understand what they are reading.
And I personally feel these people, some of which have lost there homes
would still be in there homes if the rates did not go up. I don't believe for a minute when someone buys a new home there intention is not to pay there mortgage, as I heard a congressman recently say.
The bottom line is don't buy into the constant negative of the media.
It's a great time top buy your new dream home. The price is right.
So if you have any questions about Delray Beach Real Estate, Highland Beach, Boca Raton real estate
check out my website. http://www.delraybeachrealestate.com/
Delray Baech, Boca Raton and Highland Beach Rael Estats
And give me a call.
Until next time, have a great day
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Hi friends,
ReplyDeleteDelray beach is one of the prime locations for housing in the whole of Florida. There are a lot of different options and very good ones indeed that make this place a great option to have their residence in. The homes in the Delray beach estate varies in size and shape according to what you want and need. There are some houses that have waterfront views. Thank you.
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