Congratulations on your home investment! As our housing market continues making positive gains, so does the value of your home. Standard & Poor's/Case-Shiller data released last week says that homeowner equity jumped $406 billion, or 5.9% in the second quarter, to the highest level in four years. Home sales and prices also continue on an upward slope, while foreclosure numbers point significantly down.
It’s very exciting to see numbers that support the real-estate activity going on in our community. Housing is becoming the strength in our weakened economy, and its recovery is being noticed by some of the world’s smartest investors. Warren Buffett and other commercial real-estate investors are stepping back in to build shopping malls, apartments and hospitals that in turn build the economy.
For ordinary investors, this rebound is an opportunity to rethink your strategy. Is now a good time to further invest in real estate? Market analysts give us numbers that make us optimistic. I always welcome discussing the investment opportunities in our local market, and can be reached at 206-819-0685 days and evenings.