Is the Recession Over?
Is it possible that after all of the gloom and doom forecasts of the past few months that we are even asking this question right now? The term “recession”, once a popular buzzword and topic of discussion, seems to have lost a little steam to the ever more positive words like “stimulus” and “economic revival”. Could it possibly be that we have finally reached bottom and are on the way up again?
In an April 2nd article published by Yahoo News titled “New Signs Emerge that Recession May be Near Bottom”, Bank of America Chief Executive Ken Lewis 
is quoted as saying that he feels the recession is indeed “nearing its bottom.” He’s not alone in his thinking. There are a number of executives in the financial world and leaders in the US and abroad that feel we are very close to the end of what has been a seventeen month period of decline. There are a few reasons to be hopeful:
Home sales are up
Manufacturing orders are up
The stock market has been making steady gains
Money is starting to move around again, particularly in real estate
It’s time to start looking for opportunities, they are everywhere right now. Billions of dollars are currently being poured into the real estate market by wealthy investors and large institutions. This is another positive sign that the recession is almost over. Serious investors don’t buy real estate unless they feel the value is going to go up soon. All of this money being sunk into real estate means that analysts for these companies believe that we have finally hit bottom or close to it and its time to buy.
I prefer to look at the term “hit bottom” and view it as “largest potential upside”. If you buy now while everything is valued so low you will make a huge profit down the line when things improve. I see the light at the end of the tunnel by the end of 2009 and if you start doing your homework right now you can cash in on it. Are we at the bottom right now? If you wait will the deals be even better? It’s possible but I don’t recommend it. Deals right now are too good to pass up. If you start the process today by the time you pull the trigger you’ll be paying a rock bottom price and have the maximum possible upside in front of you.
This recession is coming to an end. Look on the internet and you’ll find that most economists agree that the worst is behind us. Many people are still without jobs and quite a few will lose their homes before it is completely over, but you can come out on top if you take action now. Don’t be the one sitting there when it’s all over thinking, “Why didn’t I listen and get into real estate when the prices were low?”
New signs emerge that recession may be near bottom
