WHAT’S HAPPENING IN REAL ESTATE 2012
Wow, did someone flip the switch? It sure seems that way. The real estate market sure has picked up since November and December.
Why? Well a few things have contributed to this. The first is consumer confidence. Shoppers were back out at the holidays and that was a very good sign that we, the consumers were ready to spend some money and not feel guilty about it.
In a down market, people who have money either invest in the stock market and real estate, or they let fear paralyze them and they hold what money they have. As their tensions lower, they start to spend again.
That, coupled with a very strong stock market had many feeling good again. Lastly, interest rates are at record lows and that the buyers who have been sitting on the fence waiting for the market to hit bottom now are motivated by fear that they may miss out on one of the best buying opportunities of our generation.
I’m seeing multiple offers again on both entry level homes as well as homes over a $ million. Seeing both ends of the market doing well is a great first sign of hopefully things to come.
Lastly, Silicon Valley is hiring again and if the rest of the Country starts to follow, the economy may well be on the way back.
Dave
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It’s awesome to see that the real estate market is on the rise. As an up and coming home owner it is really promising seeing that owning a home is truly a good investment again. Let’s hope it stays like this.
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Real estate has traditionally been an avenue for considerable investment per se and investment opportunity for High Net-worth Individuals, Financial institutions as well as individuals looking at viable alternatives for investing money among stocks, bullion, property and other avenues. Money invested in property for its income and capital growth provides stable and predictable income returns, similar to that of bonds offering both a regular return on investment, if property is rented as well as possibility of capital appreciation.
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