About Me
- The Desert Real Estate Blog
- De gustibus non est disputandum - There's no excuse for good taste. Living Well Begins At Home. As the broker of choice for countless celebrity clients and Fortune 500 CEOs, I take pride in a level of service, experience, and discretion that is without peer in the communities of La Quinta, Rancho Mirage, Indian Wells and Palm Desert. Searching for a residence of uncommon distinction and grace? Share your wishes with me and reap the benefits of an insiders’ knowledge of the upscale desert communities. And if you are planning to place your home on the market, no one is more skilled at providing exposure and finding qualified buyers across the nation and the world. I specialize in luxury homes and fine golf properties within the Coachella Valley.
Saturday, March 21, 2009
Buy a Home NOW or WAIT?
10:47 AM | 
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The Desert Real Estate Blog
Buy a Home NOW or WAIT?
Saturday, March 21, 2009
This is really the million dollar question. Should I buy a house now, or should I wait and see if prices fall further?
But what if interest rates go up (per Bernanke's 60 Minutes interview March, ‘09) then where do I stand?
I did the math, and after listening to Ben Bernanke's interview on 60 minutes last week - it’s clear that if housing improves, interest rates will have to go up. And, what if prices drop, did I mess up and buy to early?
This chart REALLY shows the benefits of buying a home now versus waiting.
It’s rather interesting, yet what it does not take into account is when the market does pick up, and when rates do start to go up, there will be much more competition on homes, so the "price advantage" will be gone. (My current observation as one of the desert’s top Realtor, is the market IS picking up, in fact it’s picked up a lot in the last month based on reported sales to the MLS).
For more information or to find some homes that really make sense to buy now, with built in equity, give me a call.
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