Opportunity of a Lifetime

Many in the media and the mainstream have been absorbed in the lack luster performance in housing and the stock markets for over a year now. It was refreshing to see a glimmer of positivity in today’s NY Times. The headline that peaked my interest was titled “Falling Prices Draw First-Time Home Buyers.”

The article highlighted the story of Taina Goldman and her daughter, Tiffany Munro, seen in the photo above. Ms. Goldman had been priced out of the Florida market several years ago. She assessed her own personal financial situation and came to the conclusion that saving her money for the right time would be the most prudent option.

Little did she know that the housing market would decline so quickly as to make home ownership within her finger tips rather than a dream. The article went on to explain that she was able to buy a home for less than half of the homes sale price in the summer of 2006.

Although these housing value declines are not reflective of every metropolitan area in the country, great deals are abundant in every city across the country. Add in the $8,000 tax credit with historic low fixed rates, you have the catalyst for a housing and economic recovery. Home ownership has become affordable to the average Joe once again.

Can you or someone you know take advantage of an opportunity of a lifetime?