While the effects haven’t yet trickled down to the average American, economists say that the recession is officially over. Spending is up again, Wall Street has stabilized and all economic indicators point to an end to the recession.
Economists say it usually takes about six months for the effects to be seen in the employment market, but by the time the average American actually sees a difference in the economy, things will be in full swing again.
This means that now is the perfect time to buy your new home, and take advantage of the great prices at which many people are now selling due to the recession. Home prices in many areas are down 10%, or much more, from where they were a few years ago. As the economy improves, home prices are naturally going to go up again, so now is the perfect time to buy that home you’ve always wanted but have been putting off.
In our previous discussions, we talked about how an end to the recession would bring about housing price increases, and how it was the perfect time to buy. While the end of the recession is great news for Americans, it’s not great news for buyers; it means that the window in which buyers can get fantastic deals is rapidly closing.
The official declaration of the end of the recession is a signal to many people to sit tight, and try to weather the storm. Many of the great deals you would have found even a couple of months ago may no longer be available. If you’re thinking of buying a home this year, now is definitely the time to do it.
People are going to be changing their pricing strategies in the near future. Many people already have. This is bad news for buyers. You’ve got a window as small as a few weeks in some areas before home prices begin to go up again, so if you want to get a great deal, now is the time to find the perfect place and make an offer.
On the bright side, buying just at this moment means you’re going to see a drastic return on investment in the not-too-distant future. Some homeowners have to wait years to see their property values rise and home prices increase. However, with the recession officially over and an upturn already starting, new homeowners will see fantastic returns in a fraction of the time. If you’re thinking of a new home as an investment – and you should – then the time is now if you want to maximize the return on that investment.
Don’t wait until the good deals are gone. Get in touch with us and let us help you find the great deals before they vanish!
We find great deals all over North America.
Let us help you find your next great deal.
Develop a Plan to Buy Your Dream Home
No matter which way you look at it, buying a home costs money. Many people have trouble saving cash for a variety of reasons, and may not be able to come up with the money needed to buy a home for a long time.
Buy Your New Home Now Before Prices Go Up
While grim economic news has been at the forefront of everyone’s mind for the past several months, economic indicators seem to show that the economy is improving. Retail sales in March weren’t as slow as economists had predicted. Job losses are slowing. Some retail chains are even ramping up for expansion again.
How to Find the Best Home for Maximum Profit
Most people don’t have a lot of requirements for finding a good home. They want a nice place, with the amenities and the space that they need, for a price they can afford. Ideally, this place will be reasonably located near work, or shopping, or other popular destinations.
