Road Map to a Housing Rebound
Yes, as we all know… just as with politics, and Tip O’neil’s famous mantra, “All politics is local”… so, with real estate, “All real estate is local”. Having said that, this article in US News and World Report is instructive in that it lays out 5 general factors that we can, and should, pay attention to when it comes to making any buying, selling, increasing or decreasing decisions relative to our own, local housing situation.
THE big key to be aware of in the housing arena in today’s economy is this: Housing will most likely FOLLOW, not lead, the rest of the economy out of a slump. It has become a ‘following indicator’, where in the past housing was a major part of economic expansion.