Home many times have you heard on the news or read in the paper of the past five years how the housing market is struggling? How many times have you joked with friends and family about the market when inside you’ve though how dark of a time the market is in? Now yes, the housing market has definitely seen brighter days in the past. There are those who have said the markets will never recover to the point they were once at before. If the history of the housing market is any indication though, things will not only return too normal but they’ll surpass the previous high-points.
A company named CoreLogic conducts a thorough market search to give an idea of what the housing market will look-like in the near future. Their most recent report, released Wednesday, January 25th. The report states that 2012 will be the beginning of a turnaround for the market. It’s estimated that home sales will improve 2-to-5 percent, year-over-year. Now yes these aren’t massive changes in numbers but it’s definitely positive news that we haven’t seen/heard in a long time.
What made this happen though? What’s making the housing market re-heal essentially? Well in a nutshell, it was the struggling economy that has begun to reshape the housing market. Really this all started with low prices for random everyday goods. The economy crashes, which causes people to hold onto their money. When people hold onto their money, prices drop because companies aren’t making sales. Prices eventually fall so-low that people slowly begin spending again. With this extra spending, and in-large part due to the record setting Holiday Season we had, people began gaining confidence. That is, confidence in the economy. As more money s fed back into the economy we see all markets begin to improve. Which means the housing market will begin to improve as well. With people now back in “spending” moods, we’ll see many take advantage of extremely low home-prices and mortgage rates.
It’s weird how things work though isn’t it? We start with a moment many economists believed we would encounter a greater hardship than we did in the Great Depression. So because of these types of statements, it put fear into many American hearts. Now flash-forward barely one-year and were seeing things begin to improve. We live in a strange-strange world, which can be quite daunting at times especially when you’re attempting to enter the housing market for the first or even third time. So if you’re one of the people planning on venturing into the housing market, you should first contact us to be your guide in a sense to get things started. We’re available by phone at 1-800-555-2098 or you can fill out the email form below.