The Obama housing program has ended, and now the national news media is reporting the housing market has cooled off.
Local real estate agents and title companies have also reported that things have slowed down a little more than usual for what should be happening this time of year.
The Obama program was an amazing incentive. But just because the incentives are gone, that should not deter people from becoming first-time home buyers or looking to move up.
Home prices are at the bottom; there is plenty of supply, people selling homes are ready to make deals and home financing is at historic lows. We will likely never see interest rates of 4 and 5 percent that are being offered now.
First home, second home or investment properties — this is still the time to buy even if there are not incentives. Real estate agents are ready to show homes, banks are ready to loan money and title companies are ready to help complete the transactions.
Why wait? Seize this historic buying opportunity now.
Chris Walker
Editor & Publisher
reddog (K. B. Thomas Jr.) says...
I have a big time New York Investor looking for Emporia Investment properties. What is all the excitement? My best guess is Wolf Creek may be talking about another reactor. It is I believe on the drawing board. At some point in time, it will happen and this makes me very positive on the future of Emporia. In the dark days of the 1980's S&L bailouts, I told my clients, "You are not buying an apartment complex, what you are really buying is the future of Emporia."
July 28, 2010 at 12:54 p.m. ( permalink | suggest removal )
create (anonymous) says...
best guess? May be? It is? "it will happen"? At some point in time...
Whoa! Way to post solid information.
Or not.
July 28, 2010 at 1:15 p.m. ( permalink | suggest removal )
seriouslyfolks (anonymous) says...
"Why wait? Seize this historic buying opportunity now. "
Perhaps because people can't afford to buy a house or "move up". Perhaps that is a good reason to wait. Perhaps we have learned to not get in over our heads with debt. Perhaps that is a good reason to wait. Perhaps we see our coworkers being laid off and fear that tomorrow may be our day to get the ax. Perhaps that is a good reason to wait. Perhaps we looked around at what we have and realized that in comparison to those that have lost their jobs and homes we have it pretty good and there really is no need to "move up". Perhaps that is a good reason to wait.
Why create another real-estate bubble?
July 28, 2010 at 1:17 p.m. ( permalink | suggest removal )
Steve_Corbin (anonymous) says...
Reddog,
I have a couple of friends that work at Wolf Creek and they told me there was not enough lake area to support 2 reactors. When the 1st one was built it was stated there was room. So I wonder , Is there a possiblity of a second reactor being built? You talk about a boon to the economy!
July 28, 2010 at 4:31 p.m. ( permalink | suggest removal )
reddog (K. B. Thomas Jr.) says...
This is proprietory information that I can't expose at this time. It will happen.
July 28, 2010 at 6:13 p.m. ( permalink | suggest removal )
mslater (Matt Slater) says...
"This is proprietory information that I can't expose at this time."
That doesn't make sense... at all.
July 28, 2010 at 6:57 p.m. ( permalink | suggest removal )
Steve_Corbin (anonymous) says...
Matt,
No it doesn't make sense. But it does sound like the RDA. har, har.
July 30, 2010 at 7:24 a.m. ( permalink | suggest removal )