Beginning Phase of a Boom R.E. Market!
This has got to be one of the best time to buy real estate! In fact I believe we are seeing close to the bottom of the next booming market. Why you say?
Well, over the last 100 years we have seen 3 Billion square feet of residential and commercial built in America. Over the next 30 years there is already on the book, through planning departments of towns and States, for an additional new construction of 2 Billion more square feet of space. 1.2 Billion square feet is ear marked for new construction and .8 Billion square feet is ear marked for rehab of existing space.
If our government knows our population is going to be grow such that this additional square footage is going to be needed (demand) what do you think will happen to the existing square footage (supply)? That's right, go up in value.
For all of you sitting on the fence waiting for the bottom to hit beware. Getting your American Dream is more important than figuring out the peaks and valleys of the real estate market or any market for that manner. If you find a home you like...buy it. The future looks bright.
This is the best buyer's market in 18 years. Take advantage of it. Sellers are motivated out there.
Well, over the last 100 years we have seen 3 Billion square feet of residential and commercial built in America. Over the next 30 years there is already on the book, through planning departments of towns and States, for an additional new construction of 2 Billion more square feet of space. 1.2 Billion square feet is ear marked for new construction and .8 Billion square feet is ear marked for rehab of existing space.
If our government knows our population is going to be grow such that this additional square footage is going to be needed (demand) what do you think will happen to the existing square footage (supply)? That's right, go up in value.
For all of you sitting on the fence waiting for the bottom to hit beware. Getting your American Dream is more important than figuring out the peaks and valleys of the real estate market or any market for that manner. If you find a home you like...buy it. The future looks bright.
This is the best buyer's market in 18 years. Take advantage of it. Sellers are motivated out there.
Labels: My Point of View
posted by Unknown | 11:25 AM
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