Even though the economy seems to be rugged, it is a great time to puchase a home. The interest are at all time lows for first time home buyers, to second homes, or even for investing. Lets look today!
I would love it if you all would please post on my website your thoughts on the economic conditions so that I and others can have your input in regards to purchasing homes while the economy is in a recession. In this real estate market there are positives and negatives regarding buying or selling a home.
On the good side first-time home buyers have the same advantage they have always had, which is that they do not have to sell their old place before buying a new one. This purchase is a positive for the economy, plus once the first-time home buyer purchases the home it leaves the door open for the seller to move on or up to a larger home which continues to help stimulate the economy.
Unfortunately for sellers home prices have dropped significantly especially with all the foreclosures and short sales on the market. Depending on where the home is located it may be a few years before home prices begin to move in an upward direction.
Post to me your thoughts! Also, keep working on your credit score and saving towards your new home.
www.pattimace.com (http://www NULL.pattimace NULL.com), or firstname.lastname@example.org (patti null@null pattimace NULL.com)
hope to hear from you all….
Have you felt the strain from the direction our Economy is heading? Your not alone, many Americans are tightening spending habits and preparing for the Recession our Country is looks to be in or heading into. According to Economist-Americans have been in a recession since Spring, and I am in agreeance. So what is the time frame to move out of this recession? Most Economist are anticipating that it will take until this time next year before Americans will stop feeling the stress of our Economy. But with this recession reaching Globally it may take a little longer for America and other Countries to recover.
Let me know your insight on how you feel people can adjust to our Changing Economy.
Patti@pattimace.com (Patti null@null pattimace NULL.com)