I have my self signed up for any breaking news stories from NPR and CNN and occasionally we get some good news that shows some positive signs for the economy and indirectly the real estate market in the USA.
Heres what I got today from NPR!
NPR BREAKING NEWS:
Government Reports $1.3 Trillion Budget Deficit
The deficit was $122 billion less than last year, a modest improvement.
Hopefully, as people see the historically low interest rates, and the signs of the economy slowly improving, the consumer confidence will return. People will start to realize that maybe now is a good time to buy and start to investigate how the homes for sale trends are developing.
As more and more people start to consider to buy a home and stop renting etc this will fuel the fire for a recovery in the real estate market. As the demand increases the supply of homes available will slowly decrease. Then with a reduced supply and increased demand, we should start seeing the prices of homes start to increase. This will slowly change the real estate market from that of the current buyers market to a sellers market.
As with a lot of things, its all about timing, so waiting for the market to drop or interest rates to fall again could be a big mistake in the long run. You've heard before but really now is the time to buying real estate! Its a buyers market and the rates are at an all time low!!!!
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