The real estate market has rebounded. So much so that there is a short supply of available homes for sale on the market. Especially for lower priced homes.
How does real estate help our economy?
The increased sales mean increased sales prices. Increased sales prices mean increased values for homes. Even those who aren’t selling their homes will realize the increased values. This in turn boosts consumer confidence and consumer spending.
NAR compiled data from research conducted by the Bureau of Economic Analysis & Macroeconomic Advisors on the economic impact of a home purchase.
After reviewing the data, they concluded that the total economic impact of a typical home sale in the United States is an astonishing $52,205.
The more homes that are sold the better the economy. The better the economy the better it is for everyone.
How does this help you?
Homes listed in todays market go fast! And with mortgage rates still low this may be the time to upgrade your current home to a bigger house or one in a nicer location.
Give us a call and we will happy to show you what your options are.