Fear is a powerful tool, one chosen often in today’s climate.  These days people are scared to part with their money.  Let’s face it, you cannot go anywhere, pick up a newspaper or turn on the TV without acquiring a piece of the “doom and gloom” pie.  Real estate is no exception.  The fear of the unknown is holding people back from buying a home and the government is creating all kinds of incentives to lure people from the sidelines.  A recent article in the Boston Globe points out exactly how cautious potential home buyers are being.  Many people are ready, they have jobs, a down payment saved up, low mortgage rates available, tax credits and yet they remain on the fence.  Buying anything in today’s market takes a certain leap of faith but if people don’t take a chance will we ever recover?  In the Globe article mentioned, Karl Case, economics professor at Wellesley College, estimates that “each dollar invested in a new home produces about $1.40 in economic activity.” He is quoted as saying “”Until we get the housing market fired up, we’re not going to have much of a recovery.”  The article points out that the housing market goes hand-in-hand with economic recovery and that there is a substantial number of home buyers capable of buying, they just might be waiting for the perfect moment when they believe home prices are at their lowest. Hopefully that time is here.

Contact Pinnacle today, (781) 237-5000, for the best in real estate service, knowledge and experience.  Click here, www.PinnacleHouses.com, for a complimentary search of the MLS and access to all homes currently on the market in Wellesley, Weston and Needham as well as surrounding communities.

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