One Take on the Current Housing Market

(This was written March 3, 2008.)

This evening I was watching the Larry King show on CNN while also posting and commenting on the Rain.  Towards the end of the broadcast he interviewed Gerri Willis.  She is CNN's Personal Finance Editor, host of Open House a 1/2 hour real estate show on CNN, and also the author of Home Rich, Increasing the Value of the Biggest Investment of Your Life. 

Ms. Willis' take on the current home market is that it is a very good time for some people to buy depending on the area.  With interest rates where they are and the large inventory, it is a very good time for those that have funds for a down payment and very good credit scores.  (I imagine realistic expectations would be good to have also.)  She did add that it is still not feasible for many of our policemen, firemen, and teachers and others in service jobs to buy their own home.  That continues to be true in most areas nationwide.  Even with the lower prices most homes are still not affordable for many.

This is certainly true in my market and I imagine it is the same in many other areas.  It is a good time to buy for some but not for everyone.

. . . . . . .

If you or someone you know is thinking of buying or selling property at or near Lake Anna, please contact Kathleen "Kate " Elim.  She lives at Lake Anna, knows Lake Anna, loves Lake Anna, and specializes in Lake Anna area real estate.  Reach Kate at 540-226-1964 or by e-mail at lakeanna.kate@gmail.com.  Be sure to check Kate's blog at http://lakeannaandbeyond.com/ or http://lakeannacountry.com/