Welcome!
It turns out that the fears of inflation are starting to come true. We have been advising clients for some time now that this summer rates would begin to inch up due to inflationary concerns. In fact this has been the subject matter of our last three newsletters as well as some of my blog posts and other online commentary.
Although it appears that there are great deals to be had, my advice for the average person is to stay on the sidelines and leave investments in the real estate market to the professionals. My reason for this cautionary approach is that I do not believe we are close to a bottom in the market. Second, I also believe that today’s real estate market is reminiscent of the early 90’s. People who bought houses in 1989 and 1990 thinking they got a bargain that they could turn in a year or two were surprised.