The Wall Street Journal reporting positive news for homeowners

The Wall Street Journal is reporting positive news for homeowners, according to a recent article in the Business Section of The Wall Street Journal was written, “The salutary effect of housing-market gains on Americans’ balance sheets could reduce the risk of recession, some economists said. Home prices rose 6.9% in the second quarter from three months earlier, according to CoreLogic Inc. Last week, the data firm said that in the first half of 2012, rising prices lifted more than 1.3 million homeowners who owed more on their homes than they were worth above the water line. The Federal Reserve’s program of buying $40 billion in mortgage-backed securities a month, announced last week, could further boost housing by keeping interest rates on mortgages low.

“The ongoing climb by home prices can only enhance the economic outlook,” Moody’s Analytics economist John Lonski wrote.This “will help household expenditures grow by enough to contain recession risks.”"

This opportunity for millions of homeowners is good news for them and their neighborhoods and communities. Keeping communities in tact and well maintained maintains a steady valuation.  Real Estate is just one investment tool, and any good portfolio of financial products would include some real estate.  Speak with your financial professional for the details and benefits of real estate as an investment. As a Realtor® who follows and tracks trends all signs, ALL SIGNS suggest now is the best time to double down on real estate.  With low prices and lower interest rates the only problem is suitable inventory.  Right now there is less and less great listings out there to be had. The good new listings, that are correctly priced are going quickly.  This is good for those Seller’s and their agents, but it makes the picky and slow Buyer at a real disadvantage.  You just can not be shy when you find the right home at the right price.  What you want to avoid is a bidding war.  This is happening more often than not on properties that are in good neighborhoods at the right price and have been staged to sell.