Grand Rapids, MI Buyers Market Economics 101
I was reading an article today on ten ways to survive the housing market and I got to thinking, what is the best thing a home owner could do to survive this slow moving market. Suddenly it hit me as I was reading number three on the article, BUY!
The United States housing market is like a gigantic Wal-Mart right now with 20-30% savings on everything from Mansions to Apartments. One of the most common sayings when at the grocery store is "No it's not on sale." Homes are on sale! With prices predicted to rise over the next few months, what sense does it make to wait to buy that dream vacation home you've been waiting all your life to buy? Go now and get 
the deals while they last.
One of the first concepts an economics student tackles is Supply and Demand. Shortly after introducing this to you, your economics teacher explains that they are dependent on one another. If Demand goes up, Supply goes up. If Demand goes down, Supply goes down. Ok, that's easy enough, so then that economics teacher throws price into the equation and asks his fresh students who are feeling cocky what happens then. THE SAME THING! If Demand goes up, price goes up. If Demand goes down, price goes down.
Demand is down in our housing market right now, which means prices are down. The only way to increase prices and return to a seller's market is to increase Demand. To increase Demand you have to buy. Go out and purchase that new home you want now while prices are down. If you don't you might not get the chance again.
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