Sunday, May 3, 2020
"THE LITTLE ENGINE THAT COULD"
One of my favorite childhood books was Watty Piper's The Little Engine That Could. I can not tell you how many times I had various family members read this book aloud to me until I learn to read it myself. Although the story is a fairy tale, the theme is ultra-relevant today. It is a story of optimism and hope that challenges the reader in the face of all adversities to continually push forward.
As the United States and the rest of the world moves to reopen their economies and begin to redefine normal in a post Covid-19 era, the underlying theme of the book is just the idea we need to embrace.
One of the "little engines" that will reignite our ecomonic growth and prosperity will be the housing market. Both buying, selling, renting and investing in real estate will play a vital role in moving our country ahead.
According to the National Association of Realtors, "the total economic impact of real estate and related industries (home construction, mortgage lending and title insurance) is almost double when you purchase new construction, given the sheer number of workers it requires to design, build, equip, and finalize the sale of the home."
Bottom Line:
Buying a home is a substantial economic driver today, and when new construction picks up again, it will be an even stronger recovery force throughout the country. If you are positioned to buy a home this year; you can have a significant impact on your local neighborhoods and safely make the move you've been waiting for. It is a win-win! *
* Special thanks to Keeping Current Matters for their content contribution to this week's blog.
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