Real Estate Facts: A Housing Market to Embrace

(622 Words)

There is an old saying –- "Opportunities are never missed. Someone will take the one you miss."

Today’s housing market might just be an opportunity you should examine before you believe the national media headlines.

While sales of existing homes are off from their high, last year was still the fifth best year on record for existing-home sales. As for prices, the national median existing-home price remains within 2 percent of the all-time high set in 2006, according to [Full name and title of your spokesperson]

"The biggest enemies of today’s housing market and the economy in general are pessimism and uncertainty," [Last name] said. Statistics clearly suggest a sizable pent-up demand in the marketplace. Yet home sales have remained soft. Why? Lack of buyer confidence, according to [Last name].

The lack of buyer confidence not only impacts homeowners and the housing industry, but could easily spread to the economy. Any further weakening in the housing market and its related housing wealth impact could slow the economy into a “no growth zone,” [he/she] said.

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