Checklist for Determining Market Conditions

Are interest rates low or high, rising or falling?_

Are housing inventories high and rising, low and falling?__

Are listing times getting shorter or longer?__

Are their housing shortages in your area?__

Can more (or fewer) people afford to buy in your_area?

Where are you today in the "seven-year cycle?"__

And always keep in mind Will Roger's famous quip about real estate, "They ain't makin' any more of it!" Even if you guess wrong and buy in a down market, if you can just hang on long enough, chances are you'll come out smelling like a rose. The long-term prospects for real estate are rosy.

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