4 Recent Signs of a Bottom in Housing
While battered, beaten down and bruised, the US housing market is not dead. In fact, it is beginning to show some signs of life. Those looking for an opportunity to Buy Low and Sell High should pay close attention. These Signs could be an early Signal that we have reached the Bottom.
- Foreign Buyers are overwhelming interested in acquiring property in the US. Recent polls show the deep correction, weak dollar and once in a lifetime pricing opportunities have investors salivating for US real estate. Foreign investors are bullish and ready to buy, especially in hard hit Florida, Arizona and California.
- Investors which specialize in distressed assets are grabbing up properties at bargain prices all over the US.
- Buyers recently snapped up thousands of foreclosures, bank-owned property and deeply discounted property owned by desperate sellers.
- The Credit Crisis is Over. The latest poll of mortgage applicants showed that 80+ percent experienced no problems in obtaining financing at historically low rates of interest.
The real money has always been made by the Brave who Buy when Everyone Else is Selling. Smart investors should pay close attention to the bullish signs and be prepared to act on the deal of a lifetime.
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Tags: investing, Real Estate