Despite Negative Headlines, People Are Still Buying Houses
Despite Negative Headlines, People Are Still Buying Houses
Furthermore, all the doom-and-gloom news about declining property values fails to mention how much more homes are still worth today than they were 10 or 15 years ago in most markets.
One seldom-mentioned statistic is that the decline in stock portfolios and home prices in 2008 only wiped out the gains in household net worth from the previous THREE years, according to the U.S. Federal Reserve. Listening to the news, you’d think we were back down to 1930s levels!
Over the long term, real estate is always a sound investment. The only people losing money in real estate (and in the stock market, for that matter) are those who bought at the height of the market and have to sell at a loss. Real estate moves in cycles, and prices will eventually rebound.
In fact, for anyone considering trading up to a more expensive home, this is the time to do it.
Here’s why: If the market goes up 10% and you have a $300,000 home, your home’s value will only go up by $30,000. On the other hand, if you have a $500,000 home, your home’s value will increase $50,000 over the same period. But you should only trade up to the $500,000 home if you can afford the $200,000 price difference.
That’s only one example of the many opportunities that still exist in real estate today, and an additional reason why homeowners and real estate investors who aren’t in financial trouble will continue to buy and sell homes.
With over 5.2 million houses projected to sell in the U.S. in 2009 alone, that’s a huge potential demand for home stagers. As you can see from this projected growth of 6.6%, the real estate market hasn’t come to a dead stop at all!
You don’t see much mention of this in the news media because bad news gets more attention than good news. Media outlets are profit-oriented corporations. Their mandate is to increase their audience so they can sell more advertising. They do this by keeping you anxiously glued to the latest ‘crisis’.
Despite Negative Headlines People Are Still Buying Houses - To learn more about this author, visit Staging Diva's Website.
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Today’s real estate market is actually a very good one for first-time and trade-up homebuyers because interest rates and prices are low. According to the National Association of Realtors® (NAR), there were 4.9 million homes sold in the U.S. in 2008, and the projection for 2009 sees that number growing by 6.6% to 5.2 million.
Furthermore, all the doom-and-gloom news about declining property values fails to mention how much more homes are still worth today than they were 10 or 15 years ago in most markets.
One seldom-mentioned statistic is that the decline in stock portfolios and home prices in 2008 only wiped out the gains in household net worth from the previous THREE years, according to the U.S. Federal Reserve. Listening to the news, you’d think we were back down to 1930s levels!
Over the long term, real estate is always a sound investment. The only people losing money in real estate (and in the stock market, for that matter) are those who bought at the height of the market and have to sell at a loss. Real estate moves in cycles, and prices will eventually rebound.
In fact, for anyone considering trading up to a more expensive home, this is the time to do it.
Here’s why: If the market goes up 10% and you have a $300,000 home, your home’s value will only go up by $30,000. On the other hand, if you have a $500,000 home, your home’s value will increase $50,000 over the same period. But you should only trade up to the $500,000 home if you can afford the $200,000 price difference.
That’s only one example of the many opportunities that still exist in real estate today, and an additional reason why homeowners and real estate investors who aren’t in financial trouble will continue to buy and sell homes.
With over 5.2 million houses projected to sell in the U.S. in 2009 alone, that’s a huge potential demand for home stagers. As you can see from this projected growth of 6.6%, the real estate market hasn’t come to a dead stop at all!
You don’t see much mention of this in the news media because bad news gets more attention than good news. Media outlets are profit-oriented corporations. Their mandate is to increase their audience so they can sell more advertising. They do this by keeping you anxiously glued to the latest ‘crisis’.
Despite Negative Headlines People Are Still Buying Houses - To learn more about this author, visit Staging Diva's Website.
Like this article? Share it with your friends
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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