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Home Prices Going Up

As I have been writing about quite a bit lately, median home prices are on the rise here in Wichita KS. as inventory shrinks. Very soon the sellers will be at the advantage. Good news for builders wanting to make up for all the merchandise they’ve been giving away at rock bottom prices. Even better news for owners and sellers who have watched their home prices and equity plunge for the last two years. Deals will begin to be harder to come by and while negotiations have been in the buyers favor as of late, those good times are coming to an end. This is all happening very fast, certainly sooner than I had estimated.

The American economy is the most resolute in the world and will once again prove itself indestructible. Once out of this contraction the next thing to watch out for will be inflation. So far this FED has not expressed much concern to that issue, but mark my words, it’s inevitable.

The dollar index is at the lowest seen this year as the USD falls to the pound and Euro. Gold is on the rise again. All signs of the coming inflation and with inflation comes higher interest rates. Position yourself now to avoid the pain later.

Be sure to click the link above for the Wichita Realtors housing report.


May 21, 2009 - Posted by | buy, Home, real estate, recovery, Wichita

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