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Real estate sales are still very slow and prices are the lowest they have been in a long time, despite repeated reports that the market is starting to recover. Prices have generally stabilized, though many experts expect that they may slowly trend downward for a while longer. So does that mean that it is not time to get back in the market yet? Not necessarily.

There are many outspoken experts in the real estate arena, but none of them have been able to accurately predict the changes that the industry has undergone over the past few years. The various theories have their strong and weak points, and many make sense, but still haven’t told us what’s coming with any particular accuracy, aside from the obvious fact that prices are down and seem to be staying there.

Overall, prices will probably stay right about where they are for a few years, then slowly start trending upward. There won’t be another rapid rise in land values like we saw in the last decade, but a slow growth that can be sustained. Historically, real estate has gradually risen in value over long periods of time, and that is what makes it such a good area to invest in. It can be counted on to go up in value in most circumstances.

The basic reason real estate is traditionally the safest area for investment is that land will always be needed. Buildings increase land value and there will always be more demand for buildings since the population keeps growing and all those people have to have a place to live and conduct business. Bad lending practices allowed for real estate purchases to be made when the buyer couldn’t really afford it, which in turn skyrocketed then crashed prices.

Banks got greedy for a piece of the action and started loaning money without doing their homework. The loaned money was used to buy and buy which drove prices up. The rising prices drew a crowd of investors looking for easy money, which drove prices even higher. Inevitably the bottom fell out and prices crashed. It has been a bad time for anyone in real estate, but there is one thing the experts agree on. Prices are so low that real estate is a great value and it’s a good time to invest.

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