One thing Cherise and I always remind our Colorado Springs Realtors about is that the real estate markets are the markers about the economy.It’s not prudent to jump out of real estate because you might show a decline in sales and/or a decrease in your investment portfolio.
In reality, here’s a simple explanation I’ve always followed regarding how these complex systems usually work. When the real estate markets are the first to show signs of struggle, then the other business sectors usually follow this lead. And the same applies about real estate and its comeback. You want to be part of the wave of the comeback when the real estate markets navigate from the bottom to the top of the economy again.
In order for the US economy to pick up a head of steam towards recovery, it’s imperative that the real estate markets make that much-need turnaround. In fact, Federal Deposit Insurance Corporation Chairman Sheila Blair stated on October 13, 2010, “…the health of the real estate sector will be crucial in determining the path of the entire economy.”
Keep this in mind about real estate…First to experience struggle, but also, first to experience the benefits of the comeback. It will probably take a while, but watch and see how the real estate markets will influence the entirety of the financial systems out of any further discussions about recession.
Feel free to contact our Colorado Springs Realtorsat Selley Group Real Estate, LLC: 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101
Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.