Everyone's talking about how bad the real estate market is. On the other hand, people commonly say that this is a good buyer's market. So which is it, good or bad?
The fact is, the market is never wholly good or wholly bad. People who say this is a bad market are oversimplifying. Too often, the people who tell us what type of market it is are the people who are trying to make a quick buck by flipping properties.
This is a bad market for flipping properties. This is a good market for expanding your real estate wealth.
Not every market is good for every purpose. But every market does contain opportunities. I believe that there are tremendous opportunities in Lancaster real estate right now. You may want to expand the percentage of your assets that are in real estate (i.e., "buy low"). Also, because high value and low value properties are subject to the same discount, it's a very good time to move up.
Dean Rock is a full-service real estate professional at Coldwell Banker in Lancaster. Dean's professional and volunteer activities are focused on long term health of Lancaster County's economy and society. Dean's areas of interest include historic homes, land preservation, low-income home ownership, education and youth social work. Click here to learn more about Lancaster PA real estate.
Hi Dean - Welcome to ActiveRain. I look forward to networking with you and reading your future post. Have a great day!!!