The Dog Days of Summer
Here we are in the thick of summer. Droplets of sweat form on our brows like condensation on a cold glass of iced tea. Our kids perch in front of oscillating fans to numb thoughts of impending school days. And our dogs lay spread eagle on shady cool grass.
Despite the heated discourse in Washington and searing concerns over the country's deficit and credit worthiness, house sales in Sioux Falls have been slightly higher than this period last year. I'm guessing, based on our pending sales numbers that this will continue through the rest of this quarter.
The immediate result of our S&P down-grade to AA+ will be stock market lows and peaks. But more importantly to our real estate market, it is estimated to bring yet another temporary dip in interest rates.
Both situations are ripe for opportunity. Long term investors and those who believe in home ownership will take advantage of the cheap money to reach their big picture goals.
It's like my dogs, they take advantage of the hot sun to warm their tummies and the dewy lawn to cool their backs. They seem to understand that every situation has multiple opportunities. Many people will be wise and do the same and see this time as the right time to invest for the future.
Kick back, cool down, unleash your dreams and enjoy the sunshine! Consider whether now is a good time for you to sell and/or buy some real estate. Sioux Falls is ready when you are and so am I. Call, text or email me anytime.
John Maurer
THE AGENT
605-521-1183
