Impact Of Improving Economy

Dated: 10/29/2014

Views: 2393

It would appear that by all measures the overall economic situation has improved and the outlook going forward is quite positive. Recent corporate profits for the most part have been very good and many corporations are quite positive about the remaining months of 2014 and into 2015. The housing news has improved, interest rates remain low, the job market has improved and Consumer Confidence recently reached a four or five year high. The economy is growing at a modest albeit steady pace. So what does this translate into in terms of buying a second home on beautiful Long Beach Island. Securities portfolios have rebounded very nicely for many people for the past several years resulting in a substantial increase in wealth for lots of potential buyers. This will heighten the competition for higher end properties and introduce new buyers into the market who heretofore may not have been in a position to purchase. The inventory for better properties is already beginning to show signs of scarcity. The Spring market is likely to be very intense, so if you have been holding back for any particular reason, you may want to rethink your position at this point in time..  

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