Doug Patterson ABR®, SFR REALTOR®

Homes For Sale In Winston Salem, Triad NC First Time Home Buyers!

Is the Recession over yet?  I'm no economist, but I've been reading everything I can get my hands on concerning "the worst recession since the 1930s".  It appears that we are heading in the right direction, FINALLY.   Homes for Sale in Winston Salem and the North Carolina Triad are our speciality!

I say this with exuberance!  Leading economic indicators are positive!.  One such indicator is The Conference Board's Index of Leading Economic Indicators (LEI for short) which was designed to anticipate changes in our economy by three to six months out.  Their recent report indicates that the economy rose 0.6% in July, for its fourth consecutive GAIN!  This LEI has an impressive record for predicting economic times, just as the stock market reports do, which is another economic indicator.   Speaking of which, the stock market has already rebounded 50% from its March lows, according to my reports from Edward Jones Investments. 

Global economies are recovering!  Thirty three countries have reported an increase, according to The Organization for Economic Co-operation and Development (OECD).  

Expectations for continued growth on into 2010 include a recent survey by the Wall Street Journal that said 80% of economists believe the recession either has ended or will end by September 2009.  The stars are aligned now making this the time to purchase homes for sale in Winston Salem and the North Carolina Triad.

The International Monetary Fund forcasts the world economy will expand 2.5% in 2010, compared with its April projection of 1.9%.  Manufacturing in the U.S., Europe, and China is on the upswing.

According to the National Association of Realtors (NAR), sales of existing homes here in the U.S. jumped more than expected in July to the highest level in almost two years, indicating that the "housing recession" has bottomed and the correct time to begin purchasing those homes for sale in Winston Salem.  Purchases climbed 7.2% to a 5.24 million annual rate, the most since August, 2007.  This increase is attributed to:  

• Lower home prices, because of foreclosures, 
• The first-time home buyer credits
• The low interest rates for mortgages.

So, I encourage all "First Time Home Buyers" to begin your MLS home searches now!  Go to www.callDOUGnow.com and sign up for a free MLS search account. The $8,000 Tax Credit should be YOURS and we can show you how!  It makes sense.  November 30th is the last day.  And remember, to be a first time home buyer, you just can't have owned a home during the last 3 years!  It doesn' mean that you have "never" owned a home! 

You need to be under contract by October 15th to insure you will be able to make the First Time Homebuyer November 30th deadline!  Email me today at dpatterson1@triad.rr.com for more information about homes for sale in Winston Salem and the North Carolina Triad Region!