Five Reasons Prices Will Continue Going Up and You Should Buy Now!

Five Reasons Prices Will Continue Going Up and You Should Buy Now!

There is no certainty anywhere in the world and this includes the East Contra Costa Real Estate Market of Brentwood, Oakley, Antioch, Pittsburg, Discovery Bay and others. But I think Prices will continue going up.

Take a look at my Post on how much Home Prices in East Contra Costa County went up in 2012.

Five Reasons to Buy Now!

  1. Although there is a Shadow Inventory there are also Shadow Buyers. These are Buyers that cannot even get into the market because there is not enough inventory. This includes Investors with limited cash or those that are waiting for the market to settle down; First time buyers with little money down, FHA Buyers, VA Buyers and others. When we finally run out of Cash Buyers these Buyers will step into the market.

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  2. Interest Rates are about as low as they can get. If for some freak reason they go lower you can refinance. But don’t let housing prices go up while waiting for lower prices – not going to happen.
  3. Quantitative Easing: This is basically the government printing money to pump up the economy. This will cause inflation. There is no way around it. Lock in and buy now. It will not be cheaper later.
  4. The Shadow Inventory will only come out once the prices are up. It does not appear that the banks will flood the market. Banks are working harder with home owners to avoid foreclosure too. Many people underwater are holding back from short sales waiting for the market to go up.
  5. Generally speaking owning is cheaper than renting. If you are an Investor can still buy an investment property and get a positive cash flow. This was unheard of a few years ago.

Get the Free Real Estate Investing Book!

If you have questions about Real Estate, the Real Estate Market or Homes in Brentwood, Homes in Oakley, Homes in Antioch, Homes in Discovery Bay, Homes in Pittsburg or any Homes in East Contra Costa County give me a call at 925-260-4321.

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