Fortune Magazine isn’t the first to say it, but they may be the most reliable. In an article posted in the “Fortune Investor Daily” section of their website Friday, May 8, Fortune reported that now is the time to start reinvesting in homebuilder stocks, “The two main bellwethers for housing’s future – the
supply/demand equation and affordability – are both pointing towards a recovery.”
What’s good for homebuilders is even better for homeowners. According to Fortune, homes in some of the nation’s most
desirable areas have dropped by 40% and consumers are driven to buy by the “New Affordability.” This is the best time to position a short sale as an unbeatable bargain. Prices are still down so a short sale is a viable option, but at the same time a rising labor force and incoming immigrant population have created a market for affordable housing.
Fortune is urging readers to invest in companies that specialize in starter homes for first time homebuyers.” Why let the homebuilders reap all of the rewards? A short sale is already built, is on
the market for the same alluring price of a starter home, but is in a more desirable, already established neighborhood than what one might receive with a recently built track home in an underdeveloped part of town.
If you’re interested in pursuing or buying a short sale, now is the time to get in touch with a short sale real estate agent that specializes in the process, so they can give you additional insider info in the real estate market in your area.
Minda Reves is a freelance
blogger for SHORTsense.com