Many buyers today are sitting on the fence as they try to "time the market". Any expert will tell you that as with the stock market, it is virtually impossible to time the market. Trying to determine when the very best time to buy or sell is nearly impossible because there is no way to know when prices have bottomed until they begin to rise again (and the opportunity to buy at the lowest is gone) or if prices have maxed until they begin to fall.

But what Buyers today should focus on are a few key points compiled by the Seattle King County Association of Realtor and The National Association of Realtors:

  • Times of real estate "crises" have often turned out to have been a time of opportunity in hindsight

  • There is a wide selection of housing inventory

  • Interest rates remain historically low

  • The "worst in credit crunch" is over according to Alan Greenspan

  • More jobs, more income, more wealth and significant pent-up demand means buyers in the greater Seattle area should buy before others do and the opportunities are missed

 

  • Homeowners & Investors who are in it for the long-term nearly always come out ahead in wealth building