I know you've heard the gloom and doom about the economy and the real estate market and the double-dip recession. It seems like everyone is discouraging people from buying a home now because times seem so unsure. But really, stabilizing the housing market depends a good part on people buying and selling homes.
Perhaps you've seen the public awareness commercials from the National Association of Realtors®. They share some great information on how housing influences the economy. According to NAR®, "For every two homes sold, one job is created, and each home purchased pumps up to $60,000 into the economy".
See, everyone wants to believe that the economy has shattered the housing market, when in fact, the housing market has a great ability to influence the economy rather than the other way around.
Yes, a lot of people are having trouble maintaining their homes. They need to downsize and re-structure their personal economy. And those houses will not help anyone sitting empty. Getting distressed homeowners into affordable housing needs to be a priority.
And if your personal economy is healthy, it's a great time to buy! It will be good for you, and good for the economic recovery, which can only happen one household at a time...
So, if you are able, do your civic duty--Buy a Home!
Photos courtesty of:
http://www.flickr.com/photos/soldiersmediacenter/5643475074/sizes/s/in/photostream/
http://www.flickr.com/photos/kristinausk/2245209899/
http://www.flickr.com/photos/juniorvelo/274954887/sizes/s/in/photostream/
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