Economic Recovery - Heard Here First - The Ramsey Group

The economy is going to make a full recovery!  The question is, When?!  Well, I can tell you that you will soon hear the media saying that things are getting better!  How do I know this?  Because the media is always one to three months behind in reporting news about the economy.  This is because most of the measurements are compiled monthly or quarterly and that’s the news that is released. 

The Media Will Soon Announce…

So, you are going to hear that the housing market is seeing a turn around.  This news will come when the March and April real estate numbers are divulged.  Being one of the top real estate teams in Charlotte, North Carolina I can assure you that we have seen a nice upward trend in real estate sales in the Charlotte Metro area in March and April. 

What’s Really Happening

The improvement started in the lower end homes just as I predicted in my blog a few months ago.  That’s because the first-time home buyers who aren’t currently fearing for their jobs have started to take advantage of the stimulus.  As these buyers free up the homeowners of these houses they are moving up to buy higher priced homes.  That’s what we’ve started to see over the past couple weeks.

Crystal Ball

I expect this trend will continue to some extent throughout the Spring and Summer market.  This fall things will slow down again and next winter will have low activity.  However, next spring their will be far fewer homes in the inventory so we should see a nice increase in activity again.  After a year of clearing out more inventory we will finally see the house prices start to increase again.  So, expect two years of increased buyer activity and then a controlled increase in real estate prices.

Mark my words! lol!  To hear some of the first good economic and real estate news visit CNN Money.com.  It’s not all gushy but some of the media is starting to see what we Realtors have been seeing for a few weeks now!