Real estate "off-season" discount may soon be over!
It may just be the perfect time to buy real estate in the US at such low prices. As per the IMF Head, Dominique Strauss-Kahn, the global economic crisis shall start receding in the first quarter of 2010 with US housing marketing leading the recovery. He said "The crisis began in the United States, in the housing sector. The recovery will announce itself first in the United States. Therefore we must keep an eye on American real estate prices. The end of the fall in prices will be an important sign".
What this means is that millions of real estate investors, both professional and novice, who are wanting to benefit from the low prices of real estate in the US but waiting for further downtrends must keep a close eye on the market and probably pick-up good properties immediately. As per the IMF head, US housing prices were very close to bottoming out and may recover as early as 2010 Q1.
Many analysts believe that when the present recession gives way to economic growth, the demand for strategically located commercial real estate as well as housing shall go up drastically while the supply may be slower in catching up. This unprecedented real estate "off-season" sale may very well be over soon with those who missed out on the opportunity crying hoarse.