Real Estate Economy

   Here you go.  Maybe you want to know where the housing economy is this year and more importantly in the future, so...get your sponge brain on because I am here to let you know the state of the current economy and possibly what the future has to yield.
   First lets look at the current housing market: We are back to 2006 levels (in the best cities) to sell your home and close to the 2006 sales prices.  Of course this is not for all cities and it is a good indicator of the way things are swinging.  Also, inventory is really light.  Which means we need houses on the market for buyers demands.  What this means for buyers? There is a huge supply of buyers just waiting for the right house to go on the market.  Since real estate is local we are seeing the local economy strengthening and buyers ability- or the confidence there- to buy a home, become increasingly great.
  For Sure what we ARE seeing happen- Building. Yes I am seeing building in certain areas like Waterville, Perrysburg and Sylvania.  Both Multi family and Single Fam RESidential.
  To Add I have always asked the proverbial question: "How does an ant eat an elephant?"
  Answer: "One bite and a time."
  This transitions into RE STATE economy because you have jobs now everywhere and no matter how small the employment rates hikes down we are still factoring in the census of people. I have  seen these people out more than ever before. THAT IS STIMULATING!
   In Sylvania the Carlisle Commons  is building a new apartment complex worth $15 to $20 Million that has 214 projected units with 72 units in the first phase. This is filling the gap for new inventory which are we are not quite yet at 2006 levels.  The past several years of tightening mortgage markets have not helped the real estate economy either however we are seeing loosening on the financial side.
   To Finish:  Economists state that there is a steadier trend in real estate under way.
   My take:  Renting is only temporary housing and petty soon you will see a demand for homes when these people want a steadier lifestyle.  Some may not and that's just fine too!  Wither way more jobs+ more people to fill those jobs= NEED for building roofs over there heads.