Monday, October 17, 2011

"...buyers should jump! ~ WSJ

As stated by KCM Crew this morning: "Bottom Line, when the iconic financial newspaper (WSJ) and the iconic financial magazine (Forbes) say that it now makes financial sense to purchase a house, perhaps it's time to buy a home." ~ KCM

To read the article,
Some of the highlights include:
“Now could be the best time in history to buy a home.” ~ (the on-line blog for WSJ
It's an excellent time to buy a house, either to live in for the long term or for investment income…Hou
ses aren’t the magic wealth creators they were made out to be during the bubble. But when prices are low, loans are cheap and plump investment yields are scarce, buyers should jump.” ~ WSJ

“The previous declines in house prices and the more recent drop in mortgage rates to record lows have created an unusual situation in which the median monthly mortgage payment is more or less the same as the median rental payment.” ~ Capital Ecomomics (Forbes)

I've had the good fortune of working with some very savvy buyers in the past 6 months, and they all agree. Whether you're looking for a permanent residence or second home, when you
consider the inventory, the interest rates, and the seller motivation, there has never been a better time.
DeBordieu Colony is an oceanfront community located just south of Pawleys Island, South Carolina featuring private golf and tennis, saltwater creek access to the
ocean, a manned security gate, and luxury homes and villas surrounded by thousands of acres of wildlife and nature preserves.

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