There is no doubt that the past four years have seen dramatic dips in home values, particularly in California, and the results have caused serious damage to the U.S. economy. However, when you look at any 10-year period in the history of housing prices in the U.S, you will see that there has been no better place to invest your hard earned money.
But the question is, Is now the time to invest? Well, the simple fact remains that no one can tell we’ve reached a bottom until we’ve already past it. But history has shown that when housing prices fall they typically do so gradually over time. But when they appreciate, they bounce relatively quickly. Whether or not it is the right time to invest in real estate is completely up to you, and the government has many incentives to begin buying before the end of 2009. Continue reading ‘Is Now the Time to Invest in California Foreclosures?’ »