National housing market is like a roller coaster ride. I was at the Apple Store in La Cantera the other day and saw one of the roller coaster rides at Fiesta Texas.
For some reason, the ride reminded me of the real estate marketplace. The steady increase in prices and demand, a struggle to go higher in terms of number of sales, and home prices, then a leveling off at the peak, and then sheer terror and screaming as prices fall, and the bottom drops out of the market.
The last shake out in housing, which I do understand is not over nationally, should have helped some appreciate the fact that even when the market is going down, if you don’t have to sell in a down market, you are not suffering an immediate loss. I know that is philosophically easy to say and tough to accept when you feel that your equity is disappearing right in front of your eyes.
If you don’t have to sell, you have time to recover as the market and prices stabilize and begin climbing again. As a homeowner or investor, you should be in real estate for the long haul and not a quick buck. Few are successful in real estate as short-term players. While it does happen, from time-to-time, you’ll find more losers than winners using the short-term approach. The infomercial guys are not on TV in prime time for a reason.
If you want help in finding a South Texas real estate solution for your needs, call me.