I am attaching a great article from Goldman Sachs regarding the current state of affairs for housing PLUS what areas they predict will see the GREATEST DROP IN HOME PRICES.
In fact, they are predicting that some areas will drop as much as 40% from the all-time high of 2022.
Many times people FREEZE with this type of news and when I see this I think "wow there's a sale of a lifetime and a great opportunity."
Remember in 2008 - 2012, the market wasn't the best? How many people today wish they would've bought back then? Almost everyone. For those that bought their home, investing in real estate, and saw past the "negativity", today they are millionaires. The interest rates back then ranged from 5 to 7 percent . . . sound familiar. And worse than the rates, you almost had to give up you're firstborn to qualify for a simple loan. Getting a loan in those days was TOUGH.
In reading this article the good news is Southern CA isn't one of the areas they are predicting to drop 40 percent. Yes, we will drop but not quite so drastically as other areas.
If you have been thinking about investing in real estate and buying a rental, I have some great opportunities to tell you about. CALL ME.
If you are looking to right-size your home, maybe moving to one of the areas in CA that are dropping the most, this may be your ticket to a sweet retirement and a sweet deal.
If you are a first-time buyer, this is your market. CALL ME and let me share with you some of the areas that have the most affordable housing in Southern CA and some of the great first-time buyer programs that are available.
Today's market is full of opportunities if you look for them. Call Me.
Read Article Here
Source: Insidder