Buyer Consultation. John Smith. Agenda. Communication & Feedback REOs, Short Sales, Probates; What “As Is” Means Writing Offers Agency Agreement About Me & Pinnacle Open Houses How To Get Started. Why NOW is the time to Buy Current Marketplace Your Wants & Needs
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Compare these rates to the rates over the last 30 years & then ask yourself these questions: “How long will these low rates last?” “Is it more likely that these rates will rise, or get lower in the market to come?” Prudent Buyers are Not Waiting.
Look at the huge amount of equity homeowners have gained in each of the last four decades!! Are we being short-sighted to think this will not happen again?
PRICES ARE CONSISTENTLY GOING UP.
January 2000 – February 2014
“The housing market has bottomed. It's not too late to get involved. I still think buying a home is the best investment any individual can make. Affordability is still at an all-time high. Buy a home and, if you can, buy a second home.”
*Percent of households who can afford to purchase the median-priced home in the Los Angeles region
“I was one of the most negative on housing. I finally came to the conclusion housing looks like a decent place to put money over the next several years … For those of you renting or on the sidelines, I recommend you at least consider getting ‘back in’ and buying a house.”
Mark Kiesel, the PIMCO managing director who just purchased a home.
HOME MORTGAGE INTEREST
RATES (30 YEAR FIXED)
In the FUTURE?
“I don’t think the Fed ultimately would be troubled with a 6.5% mortgage rate.”
The annual difference in mortgage payment (P&I) on a $250,000 home loan if rates go from 4.5 to 6.5%.
- Doug Duncan,
chief economist at
Fannie Mae 6/2013
before the financial crisis
after the financial crisis
“We very much believe we’ve hit bottom.”
Ivy Zelman - renowned housing analyst nicknamed ‘Poison Ivy’ for her harsh positions on housing over the last several years.
Bears Turn Bull