Real estate prices in the United States have plummeted over the past year. Not only have have home & commercial prices fallen, high demand areas such as New York City have even seen a price drop. With these types of prices, one has to wonder, is it time to invest?

Whether it is or not is, of course, up to the individual, but history is on the opportunistic investor's side. Over the past three decades, home prices alone in the United States have more than doubled and prices after the recession are likely to rise again.

With the international economic crisis bringing the real estate market to it's lowest point in years and sellers eager to make a deal, now may be the best time to buy.

Without a doubt once we emerge from this recession we will find home prices slowly rise. This said, the supply of home on the market is incredible and it will take time for a rebound.

Like I was saying before, Banks are selling foreclosed homes for 43% of the mortgage, and Short sales for 53%. Thats incredible considering you can buy a million dollar home for under 500k. Will the market go down more? I do think so, especially in some locations, but in others it probably has hit near bottom.

"You make money by buying when everyone else is selling". If you're holding for the long term, going for a foreclosed property will definitely make you money. If you want short term profit, you'll have to do a bit more homework but it's definitely possible. Alot of real estate millionaires make their mark in this sort of market.

I definitely agree with the option to "buy", as investment in real estate is a long term investment and that there are many risks of loss, except in very particular cases. The crisis has unsettled many markets, but if anyone has the capital to work then it would be advisable to do so in real estate.

Hi,

yep... I also do agree with you that recession period is also a good time for the investment. Nothing is permanent so prices of properties will rise again after the recession period and you are likely to get good profit out of it. And, as being the real buyers agent, my simple advice is to purchase when you have budgets and there are no buyers. Sell when u have no money left and everybody else is buying.

The best time to buy is now. Think about for a second, If you want to make a ton of money you have too do what the massive is not doing. So if something is on sale you do what? Ask any ladies I know :-), you buy. So America is on sale right now so you should buy. Buy Now sell in 5yrs and see don't you triple your money. Now make sure you buying right. That's when you make your money. Buy below market price.

Nice concern has been put forward, it is all perfect and doesn't require any extra addition..
Eileen
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Estate Planning