Thursday, January 30, 2014
The future is bright for the U.S. housing market!
· According to Trulia’s Bubble Watch, U.S. homes are still 5 percent below their long-term norm.
· There are few, if any, similarities between what is going on in today’s housing market and the reckless lending that took place in the early to mid-2000s.
· As previously discussed, there is no flood of inventory entering the market. Builders are playing it safe, preventing overbuilding from rearing its ugly head.
Long-distance moves are typically made because of new jobs. As the economy improves and more jobs become available in your area, expect an influx of residents from other counties and states to your market. These consumers will most likely not be familiar with your market, which gives you the opportunity to introduce them to it!