As more states begin reopening for business, and more people return to work this summer, we are seeing the economy begin to improve. Experts are indicating this recovery is happening in the second half of this year and they agree that real estate will be the leader in the recovery process. Real estate has remained strong in most areas during the economic downturn and now leads the recovery process.
See what experts have to say:
CNBC notes: “Mortgage demand from home buyers shows unexpectedly strong and quick recovery… The quick recovery has surprised most forecasters.”
Rober Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy of the National Association of Home Builders (NAHB) says: “Overall, the data lends evidence to the NAHB forecast that housing will be a leading sector in an eventual economic recovery.”
According to Ivy Zelman of Zelman & Associates: “Housing will fare better than expected during this severe downturn.”
If you are considering buying or selling, now is an excellent time to reach out for expert guidance.