This post was contributed by a community member. The views expressed here are the author's own.

Health & Fitness

Has my Real Estate Ship Sailed?

Thinking of entering the waters of the 2011 real estate market??? I say jump in!! Read more to see why.

Thinking of jumping into the ocean of the 2011 real estate market…well, you couldn’t have picked a better time in history!! Low prices and historically low interest rates make this the “perfect storm” for buyers.

Those of you who are old enough will remember interest rates in the 1980’s exceeding 16% and can appreciate these low rates we are seeing today...the current rates are as low as buyers saw in the 1950’s. Low rates coupled with the decline of housing values, creates an amazing opportunity for today’s buyer.

The next question people ask with the decline in housing values is should I wait a little longer to see if they come down more…have we hit bottom? The problem with the bottom is that we don’t really know we are there until we start to see increasing values and by then you missed the boat.

Find out what's happening in Ellington-Somerswith free, real-time updates from Patch.

Working with a competent, experienced realtor will assist you in navigating these choppy waters.

We’ve removed the ability to reply as we work to make improvements. Learn more here

The views expressed in this post are the author's own. Want to post on Patch?