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The Case for Buying Now...

Posted by Gloria Singer on Wednesday, March 26th, 2008 at 4:14pm.

Yes, I know, the home values in Boca Raton and Palm Beach County are still declining. But there is still a strong reason to buy now. Interest rates are lower than ever.

Click here for current rates.

An interesting article by Dan Kadlec in Time Magazine of February 25, 2008 is "must" reading for anyone trying to time the market.  Basically, he explains how a drop in housing prices with a concurrent increase in interest rates will have zero effect on a persons monthly payment. Please see the link below for the article.
So, for everyone who is trying to time the market perfectly, this should be food for thought. My feeling is that we don't know how low this market will go, but I do know that the only way to know that you are at the bottom of the market is after it passed and the prices start to rise. There are some great deals right now in South Florida, with foreclosures and short sales rising and increased inventory levels (supply v. demand).

For more information on the real estate market conditions in Boca Raton and surrounding Palm Beach County areas, please call me at 561.866.7584 or EMAIL and I will respond shortly.

Gloria Singer is the Broker of Boca Expert Realty, a boutique Boca Raton real estate company with a focus on professional service and an unparalleled customer experience. Our select agents are amongst the top performing professionals in the field. Visit www.BocaExpert.com for information on Boca Raton, Delray Beach and Highland Beach real estate and to connect with an expert in the local market. 

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