The next few weeks are very important for housing. As we saw last Month the February housing numbers showed improvement. Existing home sales, Pending sales and New construction starts make up the lion share of “important” housing data.
Most experts will predict improvement again. This improvement is critical for the health of the housing industry. If you watch closely each month from here on out will dictate how the media reports the bottom as well as whats considered the “right time to buy”. Everyone likes to be an expert in housing. If you would like to be an expert yourself, a real expert that is, watch the data this month and then challenge your crazy uncle who claims that we’ll lose another 20% in value before the years over…..FYI if you haven’t figured it out so far…..He’s wrong :-).
Housing will be a sexy purchase again soon. It always has been and always will be. There is a reason that over a third of America’s wealth is tied to Real Estate. As always, please feel free to contact me with any questions.