If your buyers are asking you this question, these might be a few important facts you might want to share with them about the US Economy today:
Stock market have increased 22% since Trump took office
Jobless claims hit a near 5-month low in July, suggesting economic growth
The failure to pass a new health care reform bill has traders questioning possible tax cuts and infrastructure spending, and is supportive of lower mortgage rates
Overall home builders' outlook remains positive
Sustained 2% economic growth and projections for an optimistic 3% with the right level of investment
Investment under historic low level which leave room for additional growth
The USA is below its potential growth levels which is 2.3% to 2.4%
Inflation remains low and below target, and the USA has room to grow more before The Fed activates any type of inflationary pressure.
The Fed has been very cautious and has sustained its strategy of normalizing the economy at a slow pace, and it is expected to continue doing the same
Interest rates expected to remain low
New implemented administration policies and reform, less regulations, reduced rates and fulfilled government promises will dictate the way the markets and the economy will behave in the near future
In general, and according to experts, the USA is far away from another economic recession
Based on these facts, I believe that the US economy continues to be strong and feel confident about bringing more buyers into our markets. Speaking about local markets, I would be careful though with the type of product that I offer them. In the Miami-Dade area, for example, the single family market remains strong and still a sellers' market, whereas the condo market continues to sosften slowly, and is expected to get worse in 2018. The condo market is becoming a great market for investors looking for a deal again.