Today's real estate market can be an uncertain course to chart for most people. Recently, I read a great article which speaks to the real benefit of buying real estate now.
John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market, he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming Crash in the Housing Market, correctly warning us that a real estate bubble was forming. Then in January 2006, he called the absolute peak of home prices in the US by releasing a new book, Sell Now! The End of the Housing Bubble.
Mr. Talbott, the person who accurately predicted the housing bubble and its bust, now has a new prediction – IT IS THE TIME TO BUY A HOME! In a recent article, Homes – Buy Now!, Talbott simply explains:
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“I have been waiting for more than five years to offer this advice. It is now time in most cities across the country to buy a new home or refinance your existing home with thirty-year fixed rate mortgage debt.”
The Bottom Line:
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If the person who called the real estate bubble and its bust says now is the time to buy, we believe it is time to buy.
There are some amazing values to be had and mortgage rates are at historic lows.
