We all live in the same world and we all pretty much see the same news, usually depending on who is delivering that news helps shape our opinions.  There is only so many ways to say we are in a recession or arguably just coming out of one.  Regardless of that news along with our country’s debt and budgetry issues, real estate continues to get a lot of attention.  The country as a whole is still having some issues of course, but Charlotte, NC is not one of them.  It is actually considered one of the country’s most popular up and coming destinations and places to call home.

The truth is that real estate is making a comeback…slowly, for sure, but a comeback none the less.  You can see it by looking at other aspects of the economy.  For example, consumer spending is up.  This means that people are starting to loosen up a little bit on what they spend their money on and what they save.  A year ago people were not spending money at all.  It was all about saving and paying down debt and credit cards.  But now we are seeing signs of life with people starting to come around and open their wallets a little less reluctantly.  Sure it still is hard to reach into it, but at least they pull their wallet out at all.

What does that have to do with the real estate industry?  Well, I believe that when people start getting more comfortable spending money on the smaller things, they soon start getting comfortable spending money on larger things.  The problem still exists though that it is not that people don’t want to buy or even can’t buy, they just are unsure.  When people start spending money again and gain some of that consumer confidence, the market will begin to grow.  We will see more people out shopping for homes at first.  The just browsing phase.  From there people become more and more confident and decide they will see if and what they would be approved for.  When that happens we will see a large influx of loan requests coming in.  And at that point people realize that they can get approved for a loan.

Home ownership is still one of the best investments you can make. The market continues to have favorable positioning for buyers.  The smart ones will realize this a little bit earlier and buy when prices and rates are low and watch those values eventually recover.

It is simply a great time to buy a home.  So get out there, start looking around, submit a loan request and see what happens.  You may be surprised at what kind of a response you really get.