Perfect Storm?

Is this the real estate perfect storm?  I don’t know how you can say it isn’t.

Coming from Bend, Or any market is going to seem better than what is happening in that poor town.  Salem is a breath of fresh air compared to Bend but still if you have lived in Salem and went through the bust as a buyer in 06, 07, 08 your feeling a pinch.  Your feeling major pressure on your home value and your equity.

All we hear is how horrible things are but maybe we should take a minute and think of the glass as half full.  Nationwide unemployment 9.7%.. very bad.. But, 90.3% of america is working.. and this is through the roughest recession we have seen in many years.

When I am out talking to buyers and sellers my mantra is this is the “perfect storm”.  The proof is in the pudding…

If you purchased a home in 2007 or 2008 yes you are underwater based on your purchase price.  But, if you sell at a loss you will be able to “move up” and get much more home than you could 2, 3 years plus the kicker, the sleeper, the reason for the season… Interest Rates.. the interest you pay on the money the bank loans you to purchase that undervalued home… way low… how bout a 4.75% FHA loan.. w/ 3.5% down.. UNBELIEVABLE! that to me is the perfect storm..   Great Prices, even better Interest Rates = the Perfect Storm.

We have seen a lot of new activity in all price ranges.. We have sold some homes recently that hasn’t seen offers in a year but what the buyers are all saying is that they feel rates are heading up and they don’t want to miss out on the perfect storm.. think about it?  Now is the perfect storm!!!