In September of 2010, Jonathan Dienhart and Ken Lee of www.housingintelligence.com wrote “if employment is the locomotive (of the economy), then housing is the caboose.”
They explained that as employment falls, so does America’s ability to buy and afford homes; in other words, whatever direction the economy travels, it drags the housing market along behind it.
The principal holds true in the reverse. If the engine of the economy picks up steam, the “housing caboose” will be pulled along with it, traveling faster and faster, up and up as employment and the economy in general improves.
That being the case, take a brief look at the headlines that have appeared in the local news over the past month (the links to these articles appear at the bottom of this article).
What Can it Mean for You?
Logic dictates that if an economic downturn causes the housing market to shrink, then an economic upturn should result in a growing housing market. It makes sense. If the Northwest is generating new jobs, then workers will move to the Northwest to take those jobs. People who move into the area need housing. Your house.
There may never be a better time to sell OR buy. Interest rates are down. Motivated buyers are moving into the area. As jobs increase, so does cash flow into our Northwest community. More jobs, more buyers, more for you, more for everyone.
Call me today to discuss the shifting tide of the housing market. I’ve got the latest numbers; let me show you how they can turn to your advantage.
LINKS TO HEADLINE ARTICLES: