I came across this article today on Inman News and NPR had a segment on it as well earlier this morning. I couldn’t help but think that it would mean that for the first time in a long time, those folks who really work hard from 9-5 could actually consider buying a home, and perhaps close to where they work. I have advocated for a while that now is a good time to buy. There is a lot of inventory out there and sellers are willing to negotiate…..at least those who are real sellers. Unless a seller can afford to hold onto their home for a couple of years, they are looking to off-load them now. Otherwise, until a buyer comes along and finds “value” in their property, they will continue to chase the market down.
Dean Baker, co-director of the Center for Economic Policy Research, argues that it’s better to get price declines out of the way than to take measures that only prolong the inevitable. “At the new lower prices, home buyers would be less fearful that there would be a further decline in prices,” Baker said. “This should cause many potential home buyers — who have been waiting for the price decline to stop — to re-enter the market.”
Some fear that lowering mortgage rates will only keep housing prices up, thus untouchable at more affordable rates. I honestly think that at this time, given the other economic factors affecting our country, it will do nothing but keep home prices stable…and this is the least we could ask for.
About Daniel Signani
Daniel Signani is a Real Estate agent with Prudential CA Realty in Beverly Hills. He is widely respected by his clients and colleagues alike for his professional approach to each real estate transaction. His integrity, loyalty and honesty have all paved the way to building a remarkable business.
With 8 years of real estate experience, Daniel prides himself in his ability to not only help his client's present award winning offers, but also negotiate on their behalf resulting in a win-win situation for all the parties involved. Protecting the client is yet another one of Daniel's many areas of expertise.
Daniel understands the Internet and how it plays a critical role in marketing your home in today's internet savvy world. "I recently obtained the E-Pro Certification afforded to all real estate agents who complete the educational course. This certification strengthens my understanding of how Internet marketing is critical to successful real estate sales."
"I also wanted to better understand how I could reduce my carbon footprint, and more importantly, help educate others as to how they could reduce theirs." With this thirst for knowledge, Daniel has been awarded the National Association of Realtors® Green Designation, the only green real estate professional designation recognized by NAR. This designation helps consumers who care about energy efficiency and sustainable building practices identify Realtors® who can help them realize their green real estate and lifestyle goals.
All of this proves to be another invaluable asset he brings to the table when listing your home for sale. Daniel is also proud to be a Realtor® and member of the Beverly Hills Greater Los Angeles Association of Realtors®. He is currently a member of both the Public Policy & Professional Standards Committees.
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