More wealth is created when you buy at the bottom of a real estate cycle instead of the top.
The market has shifted from its peak a few years back, and there is strong evidence that we are now at the bottom of the cycle. In looking foward the future and at certain economic indicators, you can see that now is the time to get ready for the next housing boom.
Here are some factors you should know...
Households Continue to Increase
The population in America continues to rise and with it the creation of new households with housing needs. According to conservaitve estimates, the number of households is expected to increase by 1.25 million annually over the nexte decade.
Here come the Echo Boomers
Echo boomers are entering the housing market. They are primarily the offspring of the nations largest generation, the baby boomers...and there are a lot of them. The echo boomers are entering their peak household formation years with close to 6 million more people than the baby boomers had during the 1970's. The number of echo boomers will increase and maintain a strong demand for housing in the years to come.
Julie Corrado
Century 21 Alaimo & Corrado
860-604-3809
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