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Jim Cramer of Mad Money ....

by Jamie Brooks

Listen to this folks.... Jim stated last year that it was over, and it was! The housing market HAS hit bottom and is on the way back up! If you or anyone you know is thinking about buying a new home in the near future, NOW is the time before prices climb more and interest rate get higher!!

If HE Says It Is Time To Buy a Home, BUY A HOME!

by The KCM Crew on October 5, 2010 ·

in For Buyers

 

“If you don’t 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.”

 John Paulson 9/27/2010

WOW! That’s a powerful statement.

There is no question that John Paulson is a bull when it comes to residential real estate right now. Should we care what Mr. Paulson thinks? Should we listen to him? The answer to both questions is a resounding ‘YES’. Here are several reasons why.

Who is John Paulson?

Paulson is the person who made a fortune betting that the subprime mortgage mess would cause the the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell. What do others think of Paulson?

According to Forbes John Paulson is:

a multibillionaire hedge fund operator and the investment genius who made a killing going short subprime mortgages a few years ago.

According to the Wall Street Journal Paulson is:

a hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.

What did other financial players think of his statement?

The Wall Street Journal agrees with Paulson:

Ignore the critics. The odds have to be on his side…It isn’t just that home prices have fallen a long way. It’s also that, if you can get a mortgage, you are basically taking a reverse bet on the bond market. You could be a long-term borrower at fixed rates, instead of a long-term lender. Right now you can borrow for 30 years at around 4.3%. After the mortgage tax deduction, for some people the net effective interest rate is nearer to 3%. That’s going to prove an awesome deal if we see inflation again.

And Forbes said:

As this is the best time in 50 years to buy homes, Paulson advised his listeners to take 30 year mortgages to buy a home as “your debt and interest payments get locked in at record lows, while the price of your home will rise.”

Are others also saying now is the time to buy?

Just last week, we posted that there is a growing number of people saying that NOW is the time to buy, including:

  • The Wall Street Journal
  • Professor Karl Case, founder of the Case Shiller House Pricing Index
  • The wealthiest families in the country and
  • 70% of everyone else in America

Bottom Line

Thinking of buying a home? Are you taking advice from a friend or family member telling you that now is not the time? It may be time to listen to people who better understand the opportunities that exist in real estate today.

Washington Area Real Estate Projection

by Jamie Brooks

Check out this article on what is projected for the Washington Area Real Estate Market. If you are sitting on the fence .... you better get of and get into the market before it's too late. If you are ready to get into the market, give us a call, fasten your seat belt and get ready to enjoy the ride!!

Region poised for nation's biggest housing gains

 

 

Displaying blog entries 1-3 of 3

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Photo of Jamie S. Brooks  Real Estate
Jamie S. Brooks
United Real Estate
10780 Parkridge Blvd.
Reston VA 20191
Office: 703-665-3544
Cell: 703-901-3101
Fax: 703-430-1821