It took the press several months to change its tune after the real estate market started the downturn, and while I have been saying that it’s a great time to buy real estate in this soft market, the news media has been full of gloom. Now the sentiment seems to be changing. MSNBC reports today, “Bad Economy Great Deals; Housing Crisis Presents Significant Buying Opportunities.” The Wall Street Journal has the following headlines, “Today’s bidding wars; Buyers flock to condo auction, ready to snap up bargains” and “U.S. homes now undervalued, economists say.”
It’s hard to know if this change in attitude has been driven by the dramatic stock market declines, which have created plenty of doom and gloom headlines of their own. Certainly real estate looks a lot better by comparison! People need to invest their money somewhere, and it seems like this is the market that, two or three years from now, people are gonna look back and say, “Oh my gosh, I wish I had bought then.”
If you miss this opportunity, don’t blame me! I’ve been giving you the heads up that you can take advantage of this market, and that Washington DC area real estate and Annapolis Maryland real estate offers solid value. If you are tempted to take action in the real estate market in the next few months, it’s time to get started now.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland