You might ask yourself – when should I be trying to “time the market?” The short answer is never. One problem with attempting to time your purchase just right in tandem with economic patterns is that no one can really predict with any degree of accuracy – the future.
In the South Bay Beach Cities and surrounding… there hasn’t been a 10 year period in which if you bought a decade ago, you made money on your real estate investment. Even through the last decade and the Great Recession. Takeaway is… don’t be trying to “Time” the market … it’s too difficult. If you want to buy. Buy now and hold it.
Many reports get published, predictions are made and some of them can be very close to spot on but the reality is that no one can tell for certain what will happen or when. Another challenge is that interest rates are most often higher during a recession (or depressed) market and household incomes might not be keeping up with the market. For that reason, fewer people can qualify for a home purchase during down times, than in prosperous times.
If you’ve been told that trying to time the market and purchase a home in the South Bay… DON’T! Buy when you can & buy what you want. With interest rates the lowest in history, it’s a really good time to buy and lock in those 30 year loans in the 3% to the high 2%’s.
If you’d like to talk about your options…
Get your Virtual Strategy Session here:
Book a 20 minute Strategy Session with me here: http://meetdaryl.com/
No obligation of course… except I’ll give you a copy of my Amazon #1 Best Selling Book: Dwelling Selling
just for talking with me. (See… not all best selling authors are stingy and weird…. well… not stingy at least)
Virtually Yours…
Daryl Palmer Real Estate Evangelist
Daryl@DarylPalmer.com 310-502-4240
Book a 20 minute Strategy Session with me here: http://meetdaryl.com/
DOWNLOAD MY TOP 10 TIPS FOR HOME BUYERS GUIDE HERE: https://bit.ly/Top10MythsForHomeBuyers
