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Well 2008 is here and its time for a fresh outlook! I took a long, hard look at the state of the current market during 2007 and it was made clear to me that things were definitely not as bad as the media predicts! The media is infamous for making sensational stories - that's what makes interesting reading! They wouldn't attract as much attention with the headline

"Now is an exceptional time to jump into the real estate market! Prices are low, sellers are extremely motivated to sell and interest rates are historically low. Historically, real estate values ALWAYS appreciate making 2007 a perfect time to make an investment."

Consumers are move apt to believe the headline "The sky is falling!" When looking back at the last 50 years, the media almost always recommended against buying property at the BEST time. Consider this quote:

"A home is where the bad investment is."
                ~San Francisco Examiner 1996

Anyone who bought a home in San Francisco in 1996 would sure disagree with that statement! I think we all wish we bought home in San Francisco in 1996 - we'd make a fortune! Consider this quote:

 "Housing experts predict price rises in the future won't be that great. The median price of a home today is approaching $50,000."
                ~National Business Review 1977

One thing remains constant in real estate - prices will always increase. There are things you can count on: the cost of living will always increase, average wages will always increase and property values will always appreciate. Real estate has been and will always be the best investment - ask Donald Trump!

So when you're considering whether to buy a home in the near future, ask yourself "Can you afford NOT to buy a home right now?" I'm certain in 10 years we'll be reading the current headlines and saying to ourselves - I WISH I MADE THE MOVE TO BUY PROPERTY IN 2008!