Are you shuddering at the thought of investing in real estate?Apartments in new york

Shudder no more! Look up an easy rent to own program!

The economy is making a comeback but at a really slow rate; so is it really making a comeback?The construction industry is slowly inching back into gear and new houses are being constructed in various parts of the country, but at a slow pace. Home sales are up because of the drop in prices which has sent the demand graph going upwards. In such a market scenario, the rate of foreclosures which was up is now coming down. In the coming year, the market for real estate is expected to remain uncertain.This is pretty much in line with America's financial future.

The states that manage their budgets better and have lower taxes enjoy a much better economy. Look at Texas and Florida where the rate of unemployment is low and the pursuit to create jobs for the people actually exists. On the other hand, states such as Apartments in new york, Illinois, and California are on the verge of bankruptcy. The cost of real estate is high because of lack of new homes to live in and so are unemployment rates. But economic conditions are improving slightly throughout America but not enough for the amount of people that are entering the work force from college, foreigners, and layoffs.

Following the Data

Most property investors are playing a wait and watch game while others are able to buy property in bulk which is mostly foreclosed or HUD. To small investors who want to buy a single family house the housing markets seem uncertain at the moment. More single families are choosing rent to own homes since it is a more sensible option, as the numbers to show for many people. A lot of people are positive about a change in the real estate market but some who are more realistic are remaining on the cautious side for three main reasons. First, the tax cuts introduced by the Bush administration are going to expire in 2013, most likely, which means taxes will be higher for everyone and everyone will be paying higher taxes because of the new health care mandate that is about to be imposed on American citizens.

A Logical Conclusion

The second reason involves GDP growth, which predicted by the Obama administration, is not high enough for a decent recovery. In fact, the economy is sluggish and some of this is due to cuts in expenditures which really need to be cut a lot more. The final reason relates to U.S. foreign and public debt which is still increasing with no signs of a remedy in 2013. All this only means that you should be cautious when it comes to making an investment in a property Apartments in new york. In 2013, to stay on the safe side, you should strongly lean towards a rent to own housing program.