Business Insider recently published on interesting article articulating why the housing market is set to outperform the economy as a whole. The author lists job growth, consumer confidence, pent-up demand, low inventory levels, and access to credit as reasons to be optimistic about the growth of the housing industry.
We agree with each of these points and feel confident in the outlook for rising home values. Still, many people remain on the sidelines (renting) and are not ready or able to make the leap into home ownership. Some experienced or at least witnessed enough pain during the downturn that they are not anxious to buy a home again. Other people may be wary of rising interest rates or global recession. Still others may not be in a position to make a long-term commitment like buying a house. We see this as a good time to buy a house and build equity and are happy to build a house for anyone who is able and willing to take the chance on home ownership.