Record Home Price Drop in January 2009 Good News for Investors
no secret that the key to investing success is to buy low and sell
high. Whether you are investing in stocks, gold, silver, real estate,
or coffee beans a weak market is an investors dream.
& Poor's/Case-Shiller 20 city housing index released on Tuesday,
March 31, 2009 dropped by a record 19% in from January 2008. This is
the largest decline since the index started in 2000. Their 10 city
index also dropped by a record 19.4%. All twenty cities indexed showed
both monthly an annual declines.
While this news is dismal for
homeowners already inverted or nearly inverted in their mortgages, its
great news for investors of real estate. Historically speaking we can
expect to see housing prices climb to nearly their heyday of 2006, from
where prices have fallen 30%. In 2003 we saw similar lows which
reversed in only three years.
Some economists are now saying that
March 9th was the bottoming out of the current recession, and home
sales are up. This could be the hot time for investors to pick up
properties and flip them in a relatively short period of time.
though no one can predict exactly when the best time to buy will be, we
can learn from past events what the best time to buy was. It looks like
right now will be the time investors will wish they had picked up
Do you want a terrific program for real estate investors especially if you are just
getting started! Check it out now.
For more information go to: www.johnburley.com/investingstars