Housing is expected to add to GDP

For the first time in 7 years, housing will add to the Gross Domestic Product. It is news like this that we are hearing again. Things like, bidding wars, and conversations about there not being enough homes to show buyers are happening again. Investors are finding it difficult to find deals and that is because regular buyers are getting back into the market again. For a long time, buyers have had weakened confidence in the housing sector. Lack of jobs is adding to that fear, but things are changing. Buyers are fed up with living at home with mom and dad, or month after month, writing a check to a landlord. People want to own and not simply rent for the rest of their lives. They crave ownership. Banks are lending again (and at incredibly low rates) and prices are way down. Add this to the so called “shadow inventory” of bank owned properties ready to hit the market and that spells, HUGE BUYER’S MARKET! We should definitely see an increase in homes sales through 2012. I am already seeing the difference in my personal business.

The change is happening right in front of us. But it takes time to turn a ship. Something as large as the housing industry takes time to turn as well. We are seeing signs of the slow, steady turn. Stay tuned, it is about to get fun again!

About Jeff Hansen, Realtor in Colorado

Search for homes here; www.jeffhansen.remax.com for FREE. Licensed Real Estate broker with RE/MAX Professionals at 10135 W. San Juan Way, Littleton, Colorado 80127. I have been a Realtor Since 1992 and provide Free Real Estate Advice Realtor in Littleton, Colorado and the Metro Denver Area, A Real Estate investment company focusing on the buyers and sellers of homes, also including fix and flips and rental properties, Listings and all sales of realty. (303)794-4530 Disclaimer I will not receive any compensation or take on any liability because of any conversation on this or any related web page w/o any written brokerage agreement. And there will be no relationship actual or implied because of any conversation on this or similar pages. No written agreement, therefore. AND Differ from state to state, so check your state's rules.
This entry was posted in Colorado, Financing, Foreclosure, Home Buying, Home selling, Housing, real estate, realtor, realty, refinancing, Short sale, Shortsale, Uncategorized. Bookmark the permalink.

One Response to Housing is expected to add to GDP

  1. dornhomes says:

    As an investor and part of a home building company in Arizona, I am so glad to hear such good news! Thank you Jeff. Indeed we can expect that the real estate business is “about to get fun again”!

    – Dorn Homes, Luxury Home Builder in Arizona

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