What do cars and homes have in common? If you answered that both are high ticket items you are only partially correct. And government stimulus incentive money is also a good answer. As you are aware, the car sales industry has been struggling as consumers put off the purchase of a new car. You can only put off this decision for so long before the inevitable happens - you need to replace your car. Whether it be high mileage, repair bills, inconsistent performance; upgrading is the only logical solution.

One can draw this same logic as it pertains to a home purchase. While you can put off a home sale during turbulent economic times, eventually you will be faced with the decision of continued renting or home buying. If you are financially able to do so, favorable tax laws and the benefits point you in the direction of home ownership. Living with Mom and Dad is a pleasure---for just so long. We will always have families that either need more space, or families that have too much and need to downsize. Divorce and death sadly have also been a big component of changes in housing needs. As well as job relocation.

As a capitalistic, free market society we love to purchase---anything! Pent up energy from delayed purchases, especially of high ticket items, is evident. Purchasing is a contagious disease and when it starts, it will be explosive. This natural phenomenon is why we have cycles and why experts aren’t as concerned about the current economic climate. The cycle will soon end. Just watch. As soon as you see a few neighbors buying new cars and other high ticket items, you will see the not so subtle signs that the real estate market is in its recovery too.

Visit the Goodwin Realty Group Website!