Best time to buy a house in four years?
National City Corp and Global Insight, a financial analysis firm with offices in 13 countries, is reporting that right now might be the best time to buy a house in more than four years!
This report shares that home prices are falling and home valuations (the difference between what a home SHOULD cost and its actual price) are at their lowest point since 2004. Home valuations are starting to return to a more normal level, but prices could drop again. By the end of 2008, housing markets could be undervalued on a broad basis.
Increased affordability and price drops in the last three months of 2007 were reported by 88% of the 330 housing markets analyzed.
We hope that as housing prices continue to decline and financing remains at affordable levels, that those debating first time homeownership or retiring and downsizing will look at multifamily housing and condominium developments as an afforable option. Our sales force is closely following multifamily building starts nationwide and using that as one tool to identify regions to focus our sales/marketing efforts.Fire-rated sheathing, town homes, multi-family construction, housing market, small cap, otcbb, ibtgf, barrier, blazeguard, mycoguard, fire-rated paint, intumescent paint, mold, mildew, fire-retardant plywood, frt, sips, structurally insulated panels, fire-rated wall assemblies, commercial modular, modular home construction, green building products, LEED, control room, electrical panel backer board, SIPs
This report shares that home prices are falling and home valuations (the difference between what a home SHOULD cost and its actual price) are at their lowest point since 2004. Home valuations are starting to return to a more normal level, but prices could drop again. By the end of 2008, housing markets could be undervalued on a broad basis.
Increased affordability and price drops in the last three months of 2007 were reported by 88% of the 330 housing markets analyzed.
We hope that as housing prices continue to decline and financing remains at affordable levels, that those debating first time homeownership or retiring and downsizing will look at multifamily housing and condominium developments as an afforable option. Our sales force is closely following multifamily building starts nationwide and using that as one tool to identify regions to focus our sales/marketing efforts.Fire-rated sheathing, town homes, multi-family construction, housing market, small cap, otcbb, ibtgf, barrier, blazeguard, mycoguard, fire-rated paint, intumescent paint, mold, mildew, fire-retardant plywood, frt, sips, structurally insulated panels, fire-rated wall assemblies, commercial modular, modular home construction, green building products, LEED, control room, electrical panel backer board, SIPs
posted by Barrier at 2:59 PM
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