Real estate’s point of maximum opportunity is now
It’s true, we were all euphoric in 2006 and 2007 about the real estate market. We were buying, selling, upgrading, improving.
Then a generous dose of reality with changing a marketplace occurred and now we are sitting here in 2011 looking towards a more optimistic time.
The market does seem to be bouncing along the bottom as the chart depicts. Sometimes it is hard to watch, but if we turn our heads towards tomorrow…..we will see appreciation begin to occur again.
So it means that NOW is the point of maximum opportunity to buy real estate. With a median sales price for single family homes sitting at just under $160k in recent months, affordability has never been sweeter.
Thank you to the KCMBlog.com for your great graph on the cycle of investments.