I DONT KNOW!
Probably what you did not want to hear but it is the truth. Now, saying that we can use the information at hand and come to an educated guess.
When people ask me that I always try to ask what their goals are because the truth of the matter is that Real Estate will continue to go up. There is not really any earth being built these days if you know what I mean.
What is the best Real Estate to invest in? I believe your own home. Start there. If you are looking to invest, invest in your self first. PAY DOWN your mortgage. The people that have a low mortgage will usually find themselves in much better shape no matter what the economy does. I can not stress this enough. If you have a mortgage that gives you enough equity in your home you can use that to buy investments.
As of today borrowing rates are historicaly low and it is one of the best times to borrow money. Some people are waiting for the price of Real Estate to come down which is fine but if you have a decrease in price and an increase in Rates you may find yourself no better off. Feel free to contact me for any of your Real Etsate needs
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