Friends writing the truth about real estate

From Seattle's Urban Villages:

"Even with the tightened mortgage standards, I believe this spring will have a lot of buyers looking to buy homes because of our strong Seattle economy, and continued growth with more people moving to Washington and the Seattle area. While I believe that while we won't have the kind of sellers market the past few springs have seen, it will still favor sellers (in the close in Urban areas) and the buyers who decided to wait out the buyers market this Autumn will have lost their advantage.
So here's a tip for some Seattle Home Buyers: this Autumn could be a very favorable time to "Harvest" the opportunity to buy a Seattle Home!"

Northwest Houston Real Estate:
"In spite of national reports of turbulence in the mortgage industry, the greater Houston real estate market held up remarkably well last month. Sales actually rebounded from the previous two months of declining sales. "

Sacremento Real Estate Blog
"3. There are huge discounts in price - There was a time when homes had trouble appraising and hence getting a loan for the home was hard. Today, if you find a great deal, the appraisal might just come in 10% over the price you’re in escrow for. Congratulations - you just “made” 10% of the sales price by just buying the home!
So head out there and let the shopping begin. Remember, you don’t have to restrict yourself to just retail gifts this winter. Housing is selling at wholesale prices!"

I included the last one hesitently, the post is somewhat negative, but I wholeheartedly agree that this winter is the last and best buying opportunity in every market! The media has overblown the whole sub-prime and foreclosure issue .... creating an artificial lag in home values.

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