Real estate blog entries tagged with real estate market timing by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President)

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Home : Blogs : Brian Block -- Northern Virginia & D.C. Real Estate : Northern Virginia & D.C. Real Estate Blog : Tag "real estate market timing"

real estate market timing: Scraping the Bottom of the Market? - 09/21/08 07:37 AM

About a year ago, I posted Waiting for the Bottom: Don't Bother. The advice in that post still holds true and I'll repost the content of that article here. At the Northern Virginia Association of REALTORS Economic Summit the other week, area economists stated that we are now "Scraping the Bottom of the Market" both regionally and nationally.
Here's a graph tracking average homes sales prices for the past year:

It does indeed appear that after a precipitous drop from December 2007 to January 2008, the market has been "scraping the bottom" throughout 2008, presenting a buying opportunity.
Here's the … (10 comments)

real estate market timing: Waiting for the Bottom: Don't Bother - 09/24/07 12:13 AM

Everybody wants a good deal!

That's basic human nature and the basic rules of real estate, investing, the stock market, and finance. Buy Low -- Sell High. You don't make money by buying an item -- whether it be a commodity like gold, a house, Google stock (boy I wish I bought shares a few years ago), baseball cards, or tulips -- at a higher price than that which you end up selling it.

People always want to time the market and try to get in at "the bottom" This happens in … (46 comments)

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Brian Block -- Northern Virginia & D.C. Real Estate

McLean, VA

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RE/MAX Allegiance, Managing Broker/Branch Vice President

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