Diesel Prices Impacting Home Buying?

Items for contemplation:

Being an old diesel head, by my calculation diesel fuel is up in the last year more than 40%.

Because diesel fuel is used for every form of transportation (trucks, trains, airplanes, delivery trucks) it should not be any surprise that the cost of food products, durable goods, building materials, equipment, you name it has increased in cost at far greater rate than the general inflation rate.

The loss of the Bear Stearns investment house and purchase by JP Morgan supported by the FED clearly is an indication of just how deeply the fuel and housing crisis is impacting our daily life and, for us involved in the housing sector, the ability to achieve the American dream of home ownership.

Across the board we are seeing major builders in turmoil, small and large builders in foreclosure, banks making margin calls, investors loosing their nest eggs, personal portfolios being attacked by recessionary fears, the depreciating dollar, the ever stronger Euro, oil going up daily and no end in site for downward price adjustments in home sector.

Because Michigan led the nation in an uncontrolled economic flat-spin (sky-divers term for an out of control free fall) we are now seeing buying opportunities far ahead of the nation. Now is the time to buy individual homes; now is the time to buy packaged foreclosures; now is the time to buy development properties; now is the time to invest in our State because it is the right economic decision for you at this moment in time.

So what does diesel fuel have to do with housing, simply put everything! Every building product used in some way is dependent upon the consumption of diesel fuel. Generators, trucks, cement mixers, delivery trucks, processing plants, worker to/from work transportation etc.  At the moment the impact of soaring diesel fuel costs is just beginning to be understood and the dramatic impact of diesel fuel has not yet been fully impacted in the housing industry as it has been in some sectors of the economy (freight haulers for example).

Bottom Line: Buy now while the price of homes and building materials are at record level lows and before the price of diesel begins to boost the price of homes and commercial projects.

 

Brent Nichols

Co-Owner/Co-Broker

brent@remerica.com 

Now IS the Right Time to Buy in Michigan!

Weakness in the market has always been equated to buying opportunities. Never has this axiom ever been more accurate then the chance for investors to buy properties in Michigan at significantly discounted prices.

As most of the nation knows Michigan has been in a recession for several years as a result of loss of jobs in the all important automobile sector, high state taxes, a generally anti-business mentality and environmental concerns that are now being addressed to permit a more friendly business climate. ALL of the negative this is changing far ahead of the rest of the nation and translates to opportunity.

In every cloud there is a little gold. Only now are other states beginning to feel the harsh pinch of foreclosures, unemployment etc.. Michigan may have led the way down but the real estate market HAS stabilized and is producing great investor opportunities in the real estate market throughout the State.

Want a single family home; commercial buildings; bundles of foreclosed single family home properties; manufacturing facilities; vacant land; idle developments with installed infrastructure; your call!! There remains a significant unsold inventory throughout the State and that spells opportunity!

For investors of all categories now is the time be it Canadian, Middle Eastern, US or Euro based investors. Email for more information or to establish a relationship with a professional.   

Brought to you by:
Brent Nichols 
brent@remerica.com
(231) 941-8283
Broker/Owner

Lot 171 Gitchegumee Dr

Buckley, MI

Affordable lot with access to Lake Gitchegumee. 

For more information Amy Jamieson call 231-620-2255 or amyjamieson@remerica.com or visit www.remericatc.com.