Comments on: Good News or Bad News?

By: Jonathan Shaw

Jonathan Shaw — Tue, 02 Jun 2009 21:20:47 +0000

Hi Jean,
Well said. I agree with you, now is a great time to be a buyer or investor. Prices are low, and so are interest rates. I really liked your blog.
Jonathan

By: Larry Franzella

Larry Franzella — Wed, 27 May 2009 01:32:34 +0000

The signs are definately there that the market is changing. Great post.

Larry

By: Julie Cleland

Julie Cleland — Tue, 26 May 2009 17:22:13 +0000

It’s hard to convince people that conditions are constantly changing, both the market and them personally. People need to make decisions based on what is best for them, when it’s best for them.

By: Brian Boisson

Brian Boisson — Tue, 26 May 2009 15:33:03 +0000

Jean,

People are interesting!

We need to remind people that the benefits of home ownership such as tax deductions, security etc. are so important.

There is no way to judge a bottom, but buyers should focus on monthly costs after tax benefits vs. renting and all the money they will be saving.

Brian

By: Assaf Katzir

Assaf Katzir — Tue, 26 May 2009 14:58:29 +0000

You all mentioned it, it is impossible to time bottoms or peaks. Potential home buyers should look at the big picture which includes all the current incentives that are TEMPORARY and will not be available for long time. What an agent should identify is “what holds a prospect homebuyer from buying now?”, cause with this information the Realtor can eliminate the fear factor of the home buyer.

By: Michael Monozon

Michael Monozon — Mon, 25 May 2009 17:38:28 +0000

Jean you are so correct, and Adam too, the bottom is impossible to time, but the interest rates and the tax credits are real and won’t be here forever.All we can do is keep sharing the information with everyone who will listen. Hopefully there are folks who just need to know a bit more to help them make a decision.

By: Lee Ginsburg

Lee Ginsburg — Mon, 25 May 2009 04:36:33 +0000

Potential Buyers are more interested in price than the combination of today’s low prices and today’s record low interest rates as you state. I try to explain to buyers that if interest rates go up just 1% and prices come down 10% it will still cost them more money and they may not even get approved. Sometimes I feel like shaking these people. (oops, maybe I should not say that)

By: Adam Chinn

Adam Chinn — Sun, 24 May 2009 00:01:35 +0000

Hi Jean,
It is almost impossible to time “the bottom”, from my research it looks like it has already passed us. Like you I ask people, why not buy now? It is a great time to buy, there are many opportunties out there. What is important is that a buyer finds a house that they like, fits their needs, and payments that they are comfortable with. I believe it is better to make a decision now, knowing what you will get. Rather than waiting, not knowing if it will be too late and possibly get priced out of the market.