If you have been holding back on buying real estate, now may be the right time to get back into the market, especially if you are looking for a good deal, or you have poor credit. Because of the real estate slow down, prices have dropped in many areas. There are also a lot of sellers who need to sell and might be willing to help out someone with bad credit. But this slow down shows signs of picking up.According to The National Association of Realtor's, their latest report indicates that pending home sales are up (according to the figures for August) by 4.3 percent. This number is still 14.1 percent lower than last August, but it gives the experts reasons to predict that the market is stabilizing.
NAR's chief economist, David Lereah, said recently, "Our sense is that home sales may have reached a low in August -- the Pending Home Sales Index shows home sales should be fairly stable over the next two months, although a minor decline is possible. With fewer new listings coming on the market, we should be able to draw down the inventory supply early next year to the point where home prices will rise, but at a slower pace than historic norms."
So, it looks like the worst is over. Although prices don’t seem to be skyrocketing, it looks like they will begin slowly rising. So if you are a buyer, you don’t want to miss this chance at a buyers market to get a great deal.
If you have bad credit and think that you are unable to buy a house because you can’t qualify for a home loan, check out the FREE information on my website at http://i-can-buy.com and find out how you can take advantage of this buyers market to get into a home of your own now.
By Alexis Dey © 2006 Mohave Publishing. All rights reserved. This article may be freely copied as long as it is not modified and this resource box accompanies the article, together with working hyperlinks.
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