30 Years of perspective

Posted By on February 27, 2009

I was asked to write some perspectives for this blog. Those perspectives are based on a builder who has been in this business for over thirty years and is proud to call himself a second generation home builder. I started in the home building business by cleaning houses under construction in the Forest Park area of Cincinnati. My title of “Chief Broom Technician” was a badge of honor for a thirteen year old. Summers were spent framing houses and learning my trade from the basement up.

Through the thirty plus years I’ve seen interest rates that went as high as 17%, and national building permits levels go below the one million mark at least three times. In the early 1990’s the S & L crisis again caused national building permits to fall the one million mark. The S & L crisis, like the market today, challenged buyers with tougher loan guidelines and falling housing prices. These factors contributed to a “Buyers Market”. By the end of the decade Ohio’s home values had increased by the largest dollar amount than any other decade since records were kept by the U.S. Census. 

The correlation between the low’s and highs of markets are obvious to someone with thirty years experience but should also be obvious to someone with little or no experience in real estate. The current market provides potential buyers with home prices at an exceptional value and interest rates that haven’t been this low for fifty years. So, economically speaking, this is best time to buy a home.

-Andy

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About the author

As the people behind Potterhill Homes, we have some pretty strong feelings about energy efficiency and green building. And we don't always agree! But we are commited to building a best homes we can and bringing you along on our journey to figure out exactly what that means! Thanks for checking out our site. My Google Profile+

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About Potterhill Homes

Cincinnati-based Potterhill Homes is a premier builder of affordable, environmentally friendly homes in Greater Cincinnati. Our homes are built with traditional Cincinnati architectural styles and are perfect for both urban infill and suburban development. To learn more about Potterhill Homes,visit www.potterhillhomes.com.


About the authors

As the people behind Potterhill Homes, we have some pretty strong feelings about energy efficiency and green building. And we don't always agree! But we are commited to building a best homes we can and bringing you along on our journey to figure out exactly what that means! Thanks for checking out our site. My Google Profile+