"Be afraid when people are greedy, and be greedy when people are afraid."

Now is a great time to buy a house!  Interest rates are low, housing prices are relatively low and people are afraid.  This is the time to act!  Sitting on the fence wondering when or if the housing market is at it's bottom, isn't what Mr. Buffet is saying.  The only way that anyone will really know when the housing market has bottomed out is when prices have begun rising.  When you see that, you will have waited too long.

Warren Buffet has made himself into one of the weathiest men in the world by following his advice.  Can things get worse for Real Estate?  Sure, but they can also get better!  This may be the opportunity to find that great home that you just really loved, but couldn't afford a few years back.  This is the opportunity to get into some great investment properties.  Timing is everything, and if you wait, you may miss the opportunity.

This is a photo of a house in Cedar City.  It is just a house that I have always admired, but there are several similar here that are available.

This all brings me to a quote that I read, it comes from Zig Ziglar:

"Life is like a cafeteria.  First you pay, and then you eat."

I know that often I forget that in order to get what I want (to eat, or get paid), I need to put forth the effort or pay for it.  I am sure that many others find themselves in a situation like that themselves.  Sometimes the simple reminders help us keep going!

http://www.deseretnews.com/article/700061248/Trends-in-kitchen-design.html?pg=1

April 1 to June 30, 2010:

Homes Sold:   173  Highest Sold Price: $475K  Lowest Sold Price: $1  Ave. Sold Price: $156,191 DOM: 187

April 1 to June 30, 2009

Homes Sold:   156  Highest Sold Price: $400K  Lowest Sold Price: $1 Ave. Sold Price: $155,446  DOM:  165

April 1 to June 30, 2008

Homes Sold:  162  Highest Sold Price: $850K Lowest Sold Price: $1   Ave. Sold Price: $220,084  DOM:  170

April 1 to June 30, 2007

Homes Sold:  214  Highest Sold Price: $775K Lowest Sold Price: $1K Ave Sold Price:  $203,465 DOM  152

I found the numbers interesting.  I do believe that this years numbers are skewed because of the $8K Tax Incentive to buy prior to the end of April.  I have not finished compiling the other quarters numbers, especially this quarter's.  Those numbers will be telling It is interesting the decline in prices over the years.  I was also surprised to see that in the 4 years that our MLS has the numbers for that 2008 was statistically the highest priced of the 4.  I really thought that I would see more of a decline.  Anyway, it is interesting to see what the market is doing!

Lookin East From our Office

http://www.deseretnews.com/article/700059711/Free-social-media-conference-set-for-Aug-31.html

So like I said, if you're going to be in Salt Lake, this is something that may be beneficial to you.

The one thing that can be done is by reporting it, more and more people will know that these are scams and that we need to avoid them.  That will require these "scam artists" to come up with another way to try to separate us from our money!

http://www.deseretnews.com/article/700059836/Fraudsters-a-creative-persistent-bunch.html

It is important to stay on our toes, unfortunately the type of people that will do scams like this, are resourceful, and very good at taking advantage of people, especially the vulnerable! 

http://www.deseretnews.com/article/700059631/Utah-adding-jobs-at-a-higher-rate.html

Photo of house in Southern Utah.

"Nothing will ever be attempted if all possible objections must first be overcome."

I believe all too often, we convince ourselves that we should wait, when we what really need to just do it!  Anyway this is just my opinion.  Have a great week!

"Action is the foundational key to all success."   Pablo Picasso

"Always bear in mind that your own resolution to succeed is more important than any other."  Abraham Lincoln.

"Defeat is not the worst of failures. Not to have tried is the true failure."  George Edward Woodberry

"Don't aim for success if you want it; just do what you love and believe in, and it will come naturally."  David Frost

"Failure is success if we learn from it."  Malcolm Forbes.

"Flaming enthusiasm, backed up by horse sense and persistence, is the quality that most frequently makes for success."  Dale Carnegie

"I couldn't wait for success, so I went ahead without it."  Jonathan Winters.

"I don't know the key to success, but the key to failure is trying to please everybody."  Bill Cosby.

"I've failed over and over and over again in my life and that is why I succeed."  Michael Jordan

"If you want to achieve things in life, you've just got to do them, and if you're talented and smart, you'll succeed."  Juliana Hatfield.

"Most people give up just when they're about to achieve success. They quit on the one yard line. They give up at the last minute of the game one foot from a winning touchdown."  H. Ross Perot.

"One secret of success in life is for a man to be ready for his opportunity when it comes."  Benjamin Disraeli.

And Finally one humerous one:

"If at first you don't succeed, try, try again. Then quit. There's no point in being a damn fool about it."  W C Fields.

I am finding out one important thing, Stop reading the News!  Or, at least balance it out with some more positive reading!