I couldn't say this any better myself- so I'm re-blogging it instead. It's a VERY good point.Example, take a home that is priced at $100,000 and the interest rates are at 5% for a 30 year loan. The monthly payment would be $536.82. Now let's say they wait and the housing market drops another 10%.
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01/28/2009
If you don't watch the Today Show you may not have seen their "real estate guru", Barbara Corcoran They have her on ever so often. I don't always agree with her, but this morning she actually made a lot of points which we've been trying to make to people. The segment was called 10 Real Estate Myt
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01/26/2009
We tell Owners that rentals in Payson are really NOT seasonal except for the holidays. Thanksgiving through Christmas is always slow. This year the rentals have been FROZEN! I've been telling people that it was too early to tell if it was just the season, or if it was the economy. Well, it seems
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01/21/2009
Today, in Payson, it is 60 degrees! In January! It is SO warm that it has me thinking garden, even though I know that Spring has NOT sprung, we WILL have snow, the temperatures won't stay reliably warm until at LEAST April, and probably May. Payson has rather unpredictable weather. I have, severa
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01/14/2009
We think Payson is just a great place to live, and we're SURE that there are still a lot of people who want to move here. Unfortunately, the number of them who actually DID move here last year was fairly small These statistics are for the city of Payson, not any outlying areas. It is for properti
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01/12/2009