It doesn’t seem like the right time to buy. But that’s when you should be buying- when everyone else is running scared. It’s bizarre how this very simple lesson is extremely hard to learn. Whether it is buying stocks or buying real estate, the majority only seem to want to make a purchase when everyone else is already, driving prices up to ridiculous heights and causing many to become financially crippled.
For those of you in Ohio, you should get in touch with Cecilia Sherrard, a Cleveland Ohio Realtor. She knows the market well and keeps an Ohio Real Estate Blog and Homes.
Still not convinced? This statement (cnnmoney) was made by a longtime broker in Colorado Springs, “Every decade it happens for a year if we’re lucky. Then it’s a seller’s market for another nine years.” If you haven’t purchased a home, you definitely should own now.