1/21/2009 : From Your Broker
How we look at the economy is up to us, an opportunity for growth or just a wait and see.
Many groups of economists have different answers, but the general consensus is that by mid to last part of this year we should start seeing some positive growth.
Some economist seem to agree we are in the deepest part of the recession now and with the assistance of the stimulus packages, tax cuts and lower gas prices, consumer confidence will be restored. Along with the mortgage rates being at a record low, the indicators are, it should stimulate housing sales.
The Federal Reserve forecast, based on discussions at its December meeting, we should expect slow recovery in the spring. With mortgage interest rates at unprecedented lows there are real tangible opportunities out there for Buyers. The pricing levels for homes in today’s market are similar to those from 2004 in many areas.
If you decide to let these down times help you get ahead of those who seemed miles in front of you during the boom, you have got your mind set in the right gear. Its not the recession its your reaction that matters.
