As we all know, the media highlights the down side of the news. So I would like to provide you with some positive economic news! This information has been talked about but, again the media chooses to down-play this information.
The value of the dollar is increasing against the Euro. Gas prices have been falling and may continue for another 15 cents or more. The economy grew 1.9% during our second quarter 2008, even with a slight increase in inflation.
During July 2008, Barrons wrote very positively about the real estate market. Resale home sales are showing a tentative sign of increase with a near end to the plunge in prices. Inventories fell in May to a 10.8 month supply, down from April's 11.2 month supply. Even our Treasury Secretary Henry Paulson noted in July that the housing market is "moving in the right direction." Long term buyers since 2000 have experienced appreciation by up to 70%. Even Chip Case, who has studied the housing market for decades, has been analyzing the collection of data and believes that home prices are near bottom.
What does all this mean to you? If you thinking about buying a home but still waiting for the bottom - you may find that it slips by you very quickly.
Right now is the perfect time to buy a home - and get a good deal.
If you need to sell your home, realize that you may not get what you could have last year on the sale of the home - but you can more than make up for the difference when you buy your new home.
Again - we do not recommend waiting too long to make a purchase. We may already be at the bottom or very close to it!
We specialize in working with home buyers and sellers in Johns Creek, Alpharetta, Milton, Roswell, Suwanee, Cumming and Duluth. If you are even thinking about buying or selling, give us a call.
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The Sherry & Maria Team
Realty Executives of Atlanta
Sherry 678-283-1710
Maria 678-548-5513
Fresh Ideas...Fast Results
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