Wednesday, March 7, 2012
Real Estate Market Making a Recovery?
In this article, it talks about how much it costs to buy houses for the same amount of money in different cities. The market for real estate has been increasing showing that we should be in recovery, but prices are still down for what the houses should sell for. In Atlanta, Dallas, and Anthem, Arizona, inventory has increased and the demand for houses have increased, which is good for the economy. Right now would be the perfect time to buy a house because prices are still low, but show that they will increase a little as time goes on. All of the houses and apartments shown in this article are being sold around 200,000 dollars, but depending on where you want to live is how big of a home or house you are going to get. Right now in Detroit you can get a house that has seven bedrooms and six bathrooms for only 200,000 dollars. Detroit and Seattle have the best deals for home buyers right now. Location also matters when thinking about buying a home right now. The closer you get towards the bigger cities like Washington D.C. and New York, the more it costs for smaller houses. These houses are also getting closer to their true values compared to other cities. Hopefully people looking to buy homes right now will increase causing more money to go back into the economy, which will cause more recovery from the recession.