by William Bond

Created on: June 11, 2008   Last Updated: June 16, 2008

The real estate market can be an excellent investment, but not for another 8 months to one year. I would wait it out, many real estate professionals claim that with the l million houses in foreclosure, many of which, were on sale when the housing crisis began to unravel. The best houses, condos, will be offered at that time, and you can take advantage of it. Many of the houses on the market right now, must l0-20% drop before you can really get the best price, and afford the mortgage payment. I would wait until the late spring or early summer of 2009 before getting into the real estate market. Buying stock of real estate builders is risky this year as well. Many home or condo builders are hurting big time now, their buyers are awaiting the best prices, and are holding back from signing building contracts. Real estate brokers are finding that only the very rich, high income people in the one million to two million net worth, are refinancing at this time. The future home and condo seekers are waiting for the best possible prices in the fall of 2009 at the earliest to seek their real estate purchases. Here is the opportnity: There is a small rainbow in the real estate business today, and this is in the area of averaged priced rental/condo housing, which can be purchased by builders or real estate speculators at the best possible price, and then painted and reconditioned, to make them attractive to the renters, and condo buyers in all areas of the country People are living longer, in better health, and need a place to live, without the hassels of home ownership and costs. This offers an excellent opporunity for a new real estate investment for you.

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