Finally, an article speaking about how the real estate market is showing signs that things are going to get better. This article isn’t all doom and gloom like the ones we have been seeing here for about the last year or so. Also, this showed up a one of Yahoo.com’s featured stories. The story goes into about how the “housing starts” have fallen to their lowest level in around 17 years which could very well be a sign that the real estate market recovery is in sight. Builders built too many homes to be absorbed by the normal household growth causing a lot of homes to sit on the market longer than they needed. Some homes sat vacant while the market took a down turn and in order for the builders or the sellers to get the properties to move they had to keep lowering their prices. Of course, this didn’t help the rest of the neighborhood. Well, now that the homes are more affordable for the first-time buyers causing something similar to a chain reaction all the way up. The first-time buyers will start purchasing homes creating the opportunity for those sellers to finally move up or to another area. In the end, this could be just what we are looking for to stimulate movement across the board for real estate. Let me know what you think.
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