Mortgages, Low Interest Rates, Double Dip Recession, The Beat Goes On

So here we are, almost two weeks after S&P lowered the US credit rating. We are in the midst of incredible stock market volatility and record high US Treasury prices. We keep hearing about a double dip recession. Many people are concerned with buying real estate now because they are worried about a repeat of the real estate market crash of 2008. I don't think so.

• The frenzied increase in values of real estate leading up to 2008 were the partially the result of irresponsible and reckless lending. Ask anyone. There is no such animal now.


• Caution by both buyers and banks has resulted in pent up demand. It is likely that a real estate investment now will increase in value. Prices are still well below the record highs of 3 years ago.


• Sellers are negotiable. It's a buyer's market as opposed to the bidding wars of the past.

Bottom line. If you are in the market to buy, I think now is the time.