Historically low interest rates and bargain prices have made homeownership the most affordable it has been at any time during the past 40 years. And while the market won’t shift overnight, dramatic decreases in new home production and household formation suggest that as demand for homes returns over the next couple of years it could outpace supply in some places.
This month I have sent an interesting piece about the current state of the national housing market and the opportunity it presents for those who are ready to take advantage of it. Nobody knows exactly how the recovery will unfold, but over the long run, owning property in America has always been a solid investment.
Keep in mind that all real estate is fundamentally local. If you’re interested, I’d be happy to tell you more about the housing situation in our area. Please don’t hesitate to call and ask!