Birkdale and Birkdale Village Real Estate;Is the Rebound in Sight?

Birkdale and Birkdale Village Area Buyers: Are you ON THE FENCE!

Here’s some news some of us have been waiting for: A prominant economist, John Connaughton of the University of North Carolina at Charlotte recently stated in the Triangle Business Journal that North Carolina’s economy will continue to decline through this year and beginning of 2009 by 0.2%.

He goes not to say say that this signals the end of the state’s expansion which began seven years ago. Additonally, he predicts in the 2nd quarter of 2009, growth should start again! He expects the gross state product to grow by 1.4% in the 2nd quarter on a annualized, inflation-adjusted basis.

What this says is that we’re at the bottom with a recovery in sight!!!

Everyone talks about when we’ll hit bottom and when is the optimum time to buy. If you believe this statement from one of North Carolina’s top economists then YOU SHOULD BE BUYING or giving serious consideration to it. Another fact to pay close attention is interest rates. If the government goes through, as expected, with it's backing of loans offered at 4.5% by Frannie and Freddie, then I believe you should start looking at the real deals out there NOW.

I’ve been advising my Birkdale and Birkdale Village area clients for the last several months that we were close to bottom. While it is impossible to predict, I felt we were getting close to bottom, however until now I have been uncomfortate stating it.

This is the closest I can come without flags, megaphone and dancing a jig to saying the bottom is coming.

There are so many fantastic deals out there, it makes a grown Realtor cry because he can’t buy them all himself and he can't shake buyers off the fence.

If you need additional information about Huntersville area Real Estate, please feel free to contact your Birkdale and Birkdale Village Area Agent at 704 451 7051 or by email.

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