Is the recession over?

The global recession took its toll on the economy of the United States, as hard as it did in most parts of the world, or perhaps much harder. Pink slips flurried like confetti, heralding the loss of hundreds of thousands of jobs. Consumers stopped spending. Mortgage payments could not be met. Many homes were up for sale with no takers. Some homes were even abandoned. Like all other industries, real estate was badly hit. Prices touched rock bottom. It was almost a rerun of the Great Depression.

Judging by recent trends in many countries it would appear that the recession is climbing out of the valley. The upswing is yet to catch up in the US, but it will inevitably. Company executives wear hesitant smiles as they cautiously look to rehire. When that begins consumers will start spending again … cautiously at first, but spend they will. The economy, like a sleeping giant, will wake up again. And with it, so will real estate prices.

Now is the time to invest in a new home

If you had plans to invest in a home but had shelved the idea, now is the time to rethink that decision. Dale Warfel is a licensed realtor who covers the San Jose area. Dale has some wonderful properties in the Santa Clara County communities of San Jose, Willow Glen, Almaden Valley, Blossom Valley, Morgan Hill, Gilroy, Los Gatos, Saratoga, Campbell, Cambrian, Cupertino, and Palo Alto, listed on his website. You can view these at http://www.dalewarfel.com/ then give him a call at (408) 624-6202. Make a quick decision before real estate prices hit recovery mode.