Today the labor department released the jobless claims numbers that were inline with expectations. The government released a very positive housing starts number earlier this week, and if you haven’t noticed, the stock market has been on a tear! With all these positive indicators, there is still over 3 trillion dollars sitting in money market accounts at the time of this writting!!!!????
As said in an earlier post, location is great, but timing is even better, and right now with interest rates historically low, inventories still high giving the edge to the buyer, and economic indicators pointing toward an increase, timing cannot be better to put some of that money market account back to work.
I see opportunities to buy homes here in Park City, Heber Valley, and Deer Valley for almost half of what they sold for just two years ago! Properties priced to SELL TODAY will undoubtably be worth much more in the near future.
If we are to live by the axiom of the great investor Warren Buffett we should “Be greedy when others are fearful, and fearful when others are greedy”. I am convinced it is time to be “greedy” or as Jim Cramer says “back up the truck”.
Please contact me to discuss some of these incredible opportunities!