Get The Most From A Slow Market

Despite rising interest rates and a glut of homes for sale, homebuyers can still get the most from a slow market. In this article from The Detroit News, the author highlights some important tips on how to do that. Some of the prominent tips are buying quality and not quantity, investing for income and not capital gains, think real estate if you want long-term investments, considering buying several properties at these low prices if buyers can afford to do it, and rent them out. As long as buyers can hold onto them for several years, they eventually see a profit when the market rebounds. [Lynne Meredith Schreiber, The Detroit News, August 18, 2006]