ON THE MARKET: Today is a good day
Published 11:14 am Thursday, July 21, 2022
Today, we all need to read uplifting articles and stay optimistic about the future.
Many of us are overwhelmed by information and disinformation on what to expect for the future.
It will do us all good if we believe today is a good day and reflect on the good news that we are about to present.
The real estate market, a major factor in the outcome of our economy, is staying strong!
The Lake Area is seeing a record number of sales. Sellers are seeing their homes sell at a profit and staying on the market a shorter amount of time.
Now that tens of millions of people have experienced working from home for months, the trend is likely to continue. Working from home is more efficient. As a result, productivity also increases. With more people staying at home, the value of a home goes up. People want to buy homes with views, more land for their children, and homes with offices. People want to buy homes that are in less densely populated areas of their city or in a different state.
With people using their homes as a multiple purpose facet, people are putting more into their homes. Many are taking money from their 401k’s, or the market and investingin homes. They might see the investment as a tangible asset. Higher priced homes are selling well.
Experts point out that it’s still too soon to make reliable Housing market predictions for 2022. Scarcity of homes to sell, abundance of buyers, inflation and possible higher interest rates will all play a vital part in the future real estate market.
We as Americans have always been resilient and never waver when it comes to being strong and overcoming our challenges.
It would be nice if we could have the genie come out of the bottle and give us a solid prediction. We all know that is impossible, so, stay close to God in prayer. He alone is the only One who can decide the future.
THOUGHT FOR THE DAY: Always end the day with a positive thought no matter how hard things were. Tomorrow’s a fresh opportunity to make it better.