Despite the recent ups and downs of the economy, 2014 is looking like a great year for real estate, and a good year to buy a horse farm in PA

 One of the most promising factors in the improving economy is the fact that there has been an increase in the employment rate in both the construction industry and among young adults.

 

 According to a recent article put out by realtor.com, the economy saw a rise in construction jobs by 8,400 jobs this past November. While the total is still below what it was during the housing boom, this is an encouraging number.

 

While the residential construction industry experienced a strong recovery, young adults between the ages of 25-34 also saw an increase in employment. The jobs rate was up to 75.2% in November, an increase from the previous rate of 75%. This statistic is hugely significant, as people in this age bracket are often looking to purchase their first home, and this improvement in their employment situation will enable more potential buyers to purchase horse farms in PA in 2014.

 

The overall national unemployment rate is showing improvement as well, and was down to 7% at the time of the article.

So what does this mean for equestrian real estate? It means more potential buyers, for one thing! With employment on the rise, more people who are thinking about buying a horse farm in PA will be able to achieve that goal, and will be able to afford a farm. Sellers can also rest in the confidence that they’re more likely to receive a fair price for their property. Property owners who were previously underwater in their mortgages might also see the chance to improve their financial situation and allow themselves to sell their farms.

2014 is looking like it’s going to be a great year for the economy – and for buyers and sellers of PA horse properties and PA horse farms


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