{"id":18432,"date":"2011-02-11T09:00:00","date_gmt":"2011-02-11T13:00:00","guid":{"rendered":"https:\/\/louisvillehomesblog.com\/?p=2362"},"modified":"2023-08-31T16:22:52","modified_gmt":"2023-08-31T16:22:52","slug":"experts-smart-time-to-buy-a-home","status":"publish","type":"post","link":"https:\/\/trepryor.com\/blog\/experts-smart-time-to-buy-a-home\/","title":{"rendered":"Experts: Smart Time to Buy a Home"},"content":{"rendered":"\n

It’s my belief that now is a great time to buy a home. It has nothing<\/em> to do with the fact that I am a Realtor\u00ae. It has everything<\/em> to do with today’s financial status.<\/p>\n\n\n\n

\"Donald
Donald Trump had very positive things to say about the real estate buyers market.<\/figcaption><\/figure>\n\n\n\n\n\n\n\n

Experts are in agreement. Donald Trump<\/strong> (who’s considering a Presidential run, by the way) said:<\/p>\n\n\n\n

\n

\u201cI can\u2019t guarantee it, but I\u2019m pretty sure this is right now a great time to go out and buy a house. And if you do, in 10 years you\u2019re going to look back and say, \u2018You know, I\u2018m glad I listened to that interview with Donald Trump,\u2019 \u201d<\/p>\n<\/blockquote>\n\n\n\n

Louisville Homes Blog quoted real estate investor, John Paulson<\/strong><\/a>, back in September saying:<\/p>\n\n\n\n

\n

\u201cIf you don\u2019t own a home, buy one. If you own one home, buy another one. And if you own two homes, buy a third and lend your relatives the money to buy one.\u201d [link<\/a>]<\/p>\n<\/blockquote>\n\n\n\n

Real Estate Market Forces<\/h3>\n\n\n\n

So if you don’t want to make a decision based on an expert’s opinions, what if I told you the market conditions are also telling buyers that it’s a smart time to buy?<\/p>\n\n\n\n

When I wrote, “Honestly, is it a good time to buy Louisville real estate?” interest rates were at historical lows, inventory was close to record highs and home prices had dropped 2.5% in two years. Since then, interest rates have been inching up, inventory has remained roughly the same and home prices have dropped just a bit. All three indicators are still very favorable for buyers.<\/p>\n\n\n\n

KCM Blog, one of my favorite real estate blogs in the country, wrote a piece yesterday<\/a> that covers three other important market conditions: 1) economy, 2) unemployment, and 3) real estate’s performance as an investment.<\/p>\n\n\n\n

Economic Indicators Show Real Estate Is a Good Investment<\/h3>\n\n\n\n

I won’t copy their charts and quotes to paste them here but you should read their short post. To sum up:<\/p>\n\n\n\n

    \n
  1. Economy <\/strong>is improving<\/li>\n\n\n\n
  2. Unemployment<\/strong>, which had been increasing, has leveled off<\/li>\n\n\n\n
  3. As an investment<\/strong>, real estate has topped the Dow, S&P, and Nasdaq over the past 10 years<\/li>\n<\/ol>\n\n\n\n

    So if you’re waiting for something to change before you buy your next home, what would that be?<\/p>\n","protected":false},"excerpt":{"rendered":"

    It’s my belief that now is a great time to buy a home. It has nothing to do with the fact that I am a Realtor\u00ae. It has everything to do with today’s financial status.<\/p>\n","protected":false},"author":2,"featured_media":8596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[680],"tags":[1086],"class_list":["post-18432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential","tag-smart-time-to-buy-a-home","entry","has-media"],"_links":{"self":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/comments?post=18432"}],"version-history":[{"count":1,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18432\/revisions"}],"predecessor-version":[{"id":20900,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18432\/revisions\/20900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media\/8596"}],"wp:attachment":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media?parent=18432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/categories?post=18432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/tags?post=18432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}