Sacramento Real Estate Views

“It’s a great time to buy” According To Someone other than Me!

Negative press about the Sacramento Area real estate market abounds. It can be found anywhere. Most is justified and some is just plain silly.

This article from News Home Magazine points to the fact that now is a great time to buy a home based on the facts that:

1. Interest rates are still at all time lows. While credit may be tighter, it’s cheaper than ever

2. Home prices have dropped dramatically. This is beating a seriously dead horse, in fact, I’m almost sick of talking about. Aren’t you?

Keep in mind the following about the general rule of thumb about California real estate; it doubles in value roughly, every 10 years.

The market we came out of almost 3 years ago had us thinking that we could buy a home and sell it in 2 years and double our money. This is a long term investment and a damn good one. (if you call 10 years “long term”)

Am I sickeningly positive about where we are now? Well maybe but if you ignore the opportunity now, you’ll hate yourself later! ( how cliche is that!)

Enjoy the spin!

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Tags: sacramento real estate

This entry was posted on Tuesday, February 12th, 2008 at 10:31 pm and is filed under Real Estate Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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