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Jan. 30, 2009
Categorized in: Local Market Conditions
Even though this last year in real estate has had a sobering effect on many REALTORS® and our country as well, we can assert a few things.
Cycles are a natural course for the economy. Perhaps this recession has been more severe than some, but ups and downs are a normal part of life.
Perhaps many Americans needed some return to staying on a budget and “living within their means” and evaluating more carefully before we spend. A return to minimizing debt and saving more is not a bad thing.
Real estate, even factoring in some reduction of property values in some areas, still remains for most individuals the most significant asset in their portfolio. I firmly maintain that a real estate investment is a tangible and usually safe way to grow your money for future years.
I hope that the months ahead will reflect an upswing and we can all get on with life and business as usual, albeit a more cautious approach to our financial well-being.
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