Thursday, September 30, 2010

Tired of the doom and gloom of the housing market?

Boy, everyday I hear how bad the real estate market is. Just on the news this morning a reporter announced that 47% of homes sold in Arizona are foreclosures. Yes, that is a high number. Lets look at it from a different angle. There are positives too:

  • great variety to choose from
  • prices are incredibly low
  • mortgage rates are at all time lows
  • you will be living in your home not someone Else's
  • you will save money and grow your wealth with paying down your mortgage
  • there are tax advantages
  • the real estate market will eventually turn around

So, lets start looking at some of the positives and get off the doomed path that stops us from doing something we really want to do.

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