Health & Fitness
Treat not a Trick – That's Opportunity Knocking! No Place Like Home!
Albert Einstein once said "In the middle of difficulty lies opportunity." Who's that knocking? It's opportunity is knocking at your door. Don't miss your treat!
There was a common theme at my open house last weekend in Winnetka. Several potential buyers commented that it’s a great time to buy a new home. As I tried to contain myself from giddiness and the desire to give the first guy who stated this wise observation a hug, high five and knuckles I couldn’t help but think YEA! Finally people are getting it!
Smart buyers are realizing that area homes are now more affordable, interest rates are historically low, inventory is high and opportunities are out there. We are fortunate to live in communities full of very well educated, intelligent people; some who are realizing that this is an optimal time to purchase a new home. We surely may be bouncing around the bottom of the real estate market.
Understandably, many potential home buyers have been extremely cautious in these challenging times. After all, we have had the most severe real estate downturn in recent history. It is not surprising that probable home buyers were very wary. While values in our communities have declined by 20-30% since the peak of 2006, we are seeing signs of stabilization.
Find out what's happening in Winnetka-Glencoewith free, real-time updates from Patch.
According to the latest S&P/ Case-Shiller index of 20 metro areas, Chicago area home prices rose for the 4th consecutive month. Nationally home prices rose for the 5th consecutive month.
One thing that is for sure is that no one, absolutely no one will know we have hit bottom until we are on our way back up.
Find out what's happening in Winnetka-Glencoewith free, real-time updates from Patch.
Now may be the ideal time to purchase a new home. Opportunity is no longer opportunity once the numerous seize the opportunity.
Please feel free to contact me at smolitor@koenigstrey.com with any comments or questions.