According to an article with this title published by rismedia.com on March 25th, Americans believe it's a great time to buy a home, and the window of opportunity is short. Even though recent data indicate a slight drop in buying activity, 1.4% drop in Feb 2011 compared to Jan 2011, the general consensus of over 40% of Americans who were recently surveyed is they agree that it is a good time to buy Real Estate. Worthy of notice is Data Quick’s recent article which reveals keen interest from investors in the great values offered by Southland Real Estate. The following quote tells a lot: “Buyers who paid cash accounted for a record 31.7 percent of February home sales, paying a median $200,000. That was up from 30.4 in January and 30.1 percent a year earlier. The February cash level was the highest for any month in DataQuick’s statistics back to 1988.” If investors, and it’s also important to note these are NOT speculators operating on high leverage, are coming in to put their cash where their mouth is.. that is a significant vote of confidence from people who have managed to amass considerable cash in the past. Apparently they have been doing something right. Looking over the past thirty years of historical data, no one can argue with the fact that Real Estate is a cyclical market. Two phenomena have proven to be present in every cycle..

there is an up cycle and a down cycle. Those that have bought at the trough of the cycle, since it is practically impossible to time the bottom, have fared very well over the years. Can anyone argue that we are at the trough of the cycle? You bet.. the same people who will be complaining in ten years that they once again missed the buying opportunities and will be resentful of those who saw the signs and bought at the right time (that right time being now by the way ). With current home prices at as much as 40% off of recent values, and historically low rates, a rare opportunity is presented to buy a home in Southern California.. that is a fact. The question is, are you going to capitalize on it or not? The market will follow its proven, predictable cycle either way..

To view the full articles referenced above click on the following links.

rismedia.com article

dataquick.com article

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