Springtime is usually the time that homes begin to go up for sale, and it’s no exception in this year of 2014.
This Bloomberg article breaks down what happens each spring when the house-hunters come out to go shopping.
Unfortunately though the news isn’t all good. MSN’s real estate section claims that the prices for homes are steadily going up. Now don’t get me wrong, rising home prices aren’t necessarily a bad thing in their own right. It could mean the quality has gone up, the neighborhood is getting more popular, and it can even be a sign of a thriving home market. But high home prices can reach a price ceiling where no one can afford the home, and that’s mostly bad news for first-time home buyers. However, these things tend to work themselves out, but it’s something to keep in mind.
Forbes concurs about the housing market, but is saying that with the slow but sure rise of the economy that more people are going to be able to afford homes, and that the demand for housing is steadily growing.
How does this affect you? Well if you are in the market to sell your home you might want to get it touched up first, and if you do Safepact.com will be here to help you along the way. We can make sure that the investment you have in renovating your existing (or personalizing a new) home will be an investment worth keeping, and not a total loss of funds due to a shoddy contractor.
Everybody build safe out there!