Homes & Land of Southeast Coastal Georgia

3 Reasons to Buy Real Estate Now!

Three Powerful Reasons

Calling You Home To

The GOLDEN ISLES

and Maybe a Fourth Factor You Cant Ignore

If youve been thinking about buying a home in the Golden Isles, there are three things you need to know right now that should influence your decision:

1. The recession hit bottom in June ofthis year. So suggests no less an observer than Chairman Ben Bernanke of the Federal Reserve. And if hes right, our economy is going to get better as we move toward a full recovery. As that happens, you can bet that more folks with a strong desire to live in Georgias Coastal Empire will be arriving to drive up prices and beat out competition.

2. Home Prices are already beginning to rise.All across the country. The most recent Case-Schiller Housing Index showed that home prices rose for the second straight month - the first time thats happened since mid-2006. It is a major shift in momentum, and momentum matters in real estate. That finding was confirmed by FHFA.govs Home Price index which showed prices stabilized across the country and arerising in the southeast.This can only mean that higher home prices are on the way. Waiting for lower prices is no longeran option.

3.Interest rates are at the bottom ofa thirty year cycle right now. Dont forget that it was just a few years ago when thirty year loans were available only in the 15 to 17 percent range, and a large cash down payment was required. That is no longer the case. And most importantly to you,low long term fixed interest rates are yours for the taking.That goes for conventional as well as jumbo loans. And that factor alone will impact positively you year after year as subsequent buyers pay higher prices and higher carrying costs. Our longer than expected economic contraction has lasted almost twice as long as the average recession since World War II,and the Conference Boards survey of Leading Economic Indicators now points toward improved performance in the months and years ahead. And finally,as a bonus factor,

4. Baby Boomers are now on the receiving end of the largest inter-generational transfer of wealth ever recorded. And they are buying at the beach. Americas coastal migration is being fueled by the passing of what Tom Brokaw called The Greatest Generation. These great Americans who worked hard to ensure our freedom are now passing their lifes savings on to their children. And these newly endowed are packing up and moving to our nations coastline in record numbers. As this trend continues, the demand for our relaxed coastal lifestyle will only increase. The smart move now is to talk with a real estate professional and find outwhats on the market. With a wide selection of new and resale homes available, the wise buyer will take his pick of current opportunities. The bottom line is jumping out at you: the window of opportunity for getting a great deal on a home in the Golden Isles is closing as this year draws to an end. Dont get left out in the cold. The smart move now is to talk with a real estate professional and find out whats on the market.

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John Adams is a broker,author,and investor in real estate.He is the Sunday real estate columnist for the Atlanta Journal-Constitution, and is a founder and director ofDecatur First Bank in metro Atlanta.