Now that the Federal Tax breaks are history we are still seeing a fair to moderate uptick in home sales. This is being fueled by extraordinarily low Interest Rates and bottomed out home pricing.
The Commercial side of things however is “stagnate”. Small business can’t expand because they can’t get lending and if they don’t expand and can’t grow jobs will not be created. Federal stimulus funds are available but lenders are staying away from writing these programs and in my mind they are the problem as much now as when they helped create this situation we find ourselves in. Jobs are the answer! Small business has always been the backbone of our economy. Write your politicians and make your voice heard! If you are secure in your job you can also help by taking advantage of this tremendous opportunity to invest in Real Estate. There is no doubt that in time it will right itself and you will be ahead in the game.
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