Forbes Panel Agrees that Now is a Great Time to Buy

I know that the economy is all you have been hearing about, especially in terms of the real estate market recovery. It might be overwhelming, but a Forbes panel of experts in the field gathered recently to discuss the future and I thought you might be interested in what they have to say.

The panel included Donald Trump, Jr., the CEO of Trulia.com and two New York-based analysts. They all seemed to agree on one thing – the future is uncertain, however the signs indicate that the recovery we’ve been hoping for is on its way.

One of the most important topics they discussed was capitulation (which means to surrender or give up…I had to look it up too!). In this arena, capitulation refers to sellers reducing prices or waiting to sell. We are seeing more incentives being offered and price reductions in the new home market. In this case, price reductions can help and be beneficial to both buyer and seller.

All the panelists are hopeful for the future. They say that capitulation is good for the market and home values will continue to rise. They encourage those who can afford a home to buy now while the market is down (if they are planning to stay for more than five years).  Especially in the new home market, prices will only increase as the market makes its way back up.

So the moral of the story is that now is a great time to invest in a home, especially a new build home. Prices are down, low interest rates are plentiful and now is the time. If you don’t believe me, just ask Donald Trump, Jr.!