Goodness gracious to Betsy. The housings statistics are out for the United States and guess what? That’s right, a great piece of information from the Real Estate industry about the market looking up. Or is it? True, it “looks” like we are on the rebound but how many of those homes were investor buys? How many of those homes were dropped in price 20-30% or even more? I’m sure many of them were incentive buys for first time buyers who had been renting for the last few years and that is positive but until the larger portion of the homes that are being sold across the board are the consumers living in them, the turnaround is going to continue to be slow. In our area, we don’t have as big a problem with investors buying the majority of the homes. The reason for that is we are in a rural area and the outlining populated areas are doing pretty good as far as unemployment and job growth. We live in a bubble here in Central Virginia and that is good. Good for the seller because they aren’t taking as bad a hit, and good for the buyer because the property they are buying will continue to be of great value because of the superior location. What I think is the most important thing about this article is… consumers are thinking in more of a positive way because the “market seems to be going up” and stocks are rebounding. Whether the consumer feels positive or negative makes on the difference in the world on a recession being overcome. Check it out and see what you think. http://online.wsj.com/public/article/SB125085108563549051.html
On another note, this is one of the best short videos I’ve seen in months. More about Generation Y and the Social Media movement. It goes along with some of my early posts. Enjoy.
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