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Watson Realty Corp.
William Vasana

WILLIAM VASANA, CDPE, CRS, GRI, MBA
Mobile: (904) 307-8998
Voice: (904) 421-1790
Toll: (866) 391-4343
Fax: (904) 641-1601



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Home Buying Tips and Articles
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Recession and Expansion
Home Buying Tips
There are times when the economy is brisk and everyone feels confident about his or her prospects for the future. As a result, they spend money. People eat out more, buy new cars, and buy new homes.

Then, for one reason or another, the economy slows down. Companies lay off employees and consumers are more careful about where they spend money, perhaps saving more than usual. As a result, the economy decelerates even further. If it slows enough, we have a recession.

During such a time, fewer people are buying homes. Even so, some homeowners find themselves in a situation where they must sell. Families grow beyond the capacity of the home, employees get relocated, and some may even find themselves unable to make their mortgage payment - perhaps because of a layoff in the family.


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Did You Know?

"Buyers average a 5% savings when represented by a Buyers agent"

-- Money Magazine
MLS Equal Housing Member of Employee Relocation Council REALTOR GRI
All information herein deemed reliable but not guaranteed.