Why Should I Buy Now?

Why Should I Buy Now?

No one will know when the bottom has hit until it has already turned around.

We are already beginning to see positive indicators on many fronts and with the rise in consumer confidence people are once again out buying.

The Conference Board Consumer Confidence Index™ Increases Sharply

• Consumer confidence is up considerably again in May at 54.9 from 40.8 in April according to the Conference Board Consumer Confidence Index TM. This is highest level since September 2008.

Forecasters Say Recession Nearing End

• 90% of economist think that we are near the end of the recession. Almost 75% of these economist think that the recession will end in the third quarter of 2009. The remaining economist think that the recession will end in the first quarter of 2010.

NAR: Existing-Home Sales Jump

• As of April existing home sales in the West rose 19.4% annualized over the year before.

Single-Family Home Construction Up Again in April, CBIA Announces

• New home permits pulled in California are up 21% in April over the previous month. The number of permits pulled is at its highest since October 2008.

Homeownership Still Pays ~ Home-equity snapshots paint a bright picture.

“In comparison to renters, home owners have greater wealth. Home equity gains are a rule rather than an exception… The data clearly show that homeownership remains the biggest store of wealth for the typical household, even when markets are buffeted by some admittedly very rocky years.”

• According to the National Association of Realtors (NAR), housing affordability is at its highest level since NAR began tracking the measure.

If you are interested in Real Estate in the Santa Ynez Valley, Santa Barbara, Hollister Ranch or surrounding areas, please contact me at jenae@jenae-johnson.com or 805.452.9812.

You can also visit my web site at www.HomesOfSantaYnez.com

Jenaé Johnson

Broker Associate

Village Properties

Lic# 01308742