Is the Real Estate Market Rebounding? Or is the Bottom Still Out There?
April 22nd, 2009 categories: Home Buyers, Real Estate Market
The real estate market is rebounding and recovery is near! The real estate market is dead and won’t rebound until 2020! What’s the truth? It depends who you ask…
Here are some of the articles behind those headlines:
Why a 50% Drop in Housing is Not the Bottom
Why Houses Look Better and Better
Spring Has Sprung, But Will CT Home Sellers Feel the Warmth
I still think median sales prices in Connecticut will continue to slide over the next year, perhaps longer, before settling into a steady groove where they’ll stay for a few more years. But mortgage rates are incredibly low, incentives are abundant and there are houses to choose from, home buyers still think it makes sense to own their own home.
And for many people it does…if you’d rather own than rent, if you can afford it and you want to live in a better house or neighborhood. The point is, make the decision on your own. You’re the one paying the mortgage.
You may also enjoy reading:
Hartford County Median Sales Price Continues Slide in March
How Can It Always Be a Good Time to Buy Real Estate?
How Soon is Now? by Morrissey
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