The national news headlines have turned bleak. A slowing economy, a mortgage and consumer credit crunch, and a fall in consumer confidence have led to most of the country experiencing a housing slowdown and rising inventory of available homes. However, this isn't the local story.
Take a step back and look at the Capital Region market. Strong job growth from GE and Sematech, investment in advanced education, stable government jobs, and strong local communities are all around us. Combine this with major investment in technology and services by university and business and we are sitting at the beginnning of an unprecendented growth period.
The truth is, we are looking at the best time to buy a new Capital Region Home. Interest rates are low, prices are competitive, and employment is strong. In short, there is no need for consumers to try to time the bottom of the market, because now is an excellent time to buy a home. Here’s proof:
Of course, buying a home today means that families will immediately enjoy all of the traditional benefits of homeownership, including an excellent return on investment, tax savings, long-term wealth-building, price stability and achieving the American Dream.
Capital Region Builders & Remodelers Association, Inc.
1202 Troy-Schenectady Road Latham, NY 12110
Phone: 518.690.0766 Fax: 518.690.0767
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