Real estate blog entries tagged with bottom of the market

Blog entries tagged with "bottom of the market":

bottom of the market: Are your buyers holding out for the market to "hit rock bottom"? - 08/22/08 12:52 PM

Mr Buyer, do you have a crystal ball?
First of all, I find it hilarious how everybody is an expert these days :-) With msnbc, local news, zillow, etc, everybody seems to be a real estate expert! I had a buyer prospect tell me last night that the reason he … (18 comments)

bottom of the market: The Bottom of San Diego's Real Estate Market - 08/14/08 09:18 AM

Have we seen the bottom of San Diego's real estate market?
While many reporters are still writing about the foreclosure rate, theyare not seeing what we in the industry are experiencing everyday.
Even a recent report I read in "Reuters" news today, claimed in the small print thatdefault notices have "declined 4 … (0 comments)

bottom of the market: What is the True Bottom of the Market? - 08/12/08 01:06 AM

There are many answers to this question, but for me, the true bottom is when investors buy single family dwellings because the rent they can get on a cash deal will support the price.
If a property will rent for $1,000.00 a month it will generate $12,000.00 in a year. If that … (2 comments)

bottom of the market: Has the market hit bottom yet? - 08/11/08 09:35 PM

The bigger they are the harder they fall could be the theme for this current buyer's market.
Often sellers have the misconception that houses are not selling because buyers are not in the market. NOT SO!
Buyers are in the market, but they are buying at lower prices … (4 comments)

bottom of the market: The Right Time to Buy May Be Now - 07/27/08 02:00 AM

Seventy homes are in escrow here in South Lake Tahoe. It hasn’t been since September 2005 that we’ve seen that many homes pending. Over the last few years, a lot of people have been waiting for the right time to buy. It seems that many think that time is now. I’m … (1 comments)

bottom of the market: We Have Finally Reached The Bottom - 06/23/08 12:21 PM

In my opinion we have probably reached bottom of the market. How do I know? I'm glad you asked. For the main fact that foreclosed single family homes less than 240k in a decent neighborhood gets swallowed up in no time and has multiple offers. So how could prices get any … (2 comments)

bottom of the market: State of the Market - 06/07/08 10:16 PM

Many friends ask me questions about the state of the Real Estate market today, some with sadness, some feel bad for me - after all - I am a Realtor. What is the state of the market? Well, let's look at the numbers for starters. Prices in our area have … (3 comments)

bottom of the market: Where is the bottom of this market??? - 06/01/08 10:20 PM

Where is the bottom???
Some say it won't be until after the election, some say it's here and things are better (Yahoo recent article), some say it's in a few months.
So, how do you talk to your current buyer's who keep saying...I'm waiting a little longer...I'm still waiting...some have been … (8 comments)

bottom of the market: SALES REBOUND AS PRICES FALL - 05/31/08 03:52 PM

SALES REBOUND AS PRICES FALL… That was the headline of the Orange County Register on Tuesday, May 20th 2008. The accompanying photo was a very crowded entry to an open house. What’s happening? The bottom of this market is approaching, that’s what. This is exactly what was reported in this … (4 comments)

bottom of the market: It's Official! The Bottom of the Market Has Arrived. (Major Newspapers act as Groundhogs in Silicon Valley Real Estate) - 05/23/08 09:09 PM

Guest speaker, real estate attorney Harold Justman, gave sage advice to my De Anza College short-course class on April, 4, 2008. “If you’re waiting for the bottom of the market,...you’re going to miss the bottom of the market.

Harold Justman
Justman not only has an active law practice, but … (1 comments)

bottom of the market: Bottoms up?! - 05/18/08 06:33 PM

I found this article very interesting!
http://online.wsj.com/article/SB121003604494869449.html
It suggests the bottom of the market may have been April 2008. TWT (Time will Tell) but I don't think we should assume prices will be falling. Buyers need to ask themselves: Are you concerned about prices in the short run or the long … (3 comments)

bottom of the market: The bottom may be nearing in Redding California for real estate and here is why.... - 05/08/08 11:03 AM

Are we at the bottom yet? This is a question that I am asked at least a couple times a month in the last year. Well I think we are very near and here is why.The lower priced homes are selling quicker and sometimes for full price on the ones that … (0 comments)

bottom of the market: How to buy Short Sales and Foreclosed Homes in California - Part 1 of 2 - 04/17/08 02:08 AM

It seems lately that most properties listed for sale are short sales (short pays) or foreclosures. There is a very big difference between these two types of purchases and how you approach making an offer to buy one of these homes. Today's post is about Short Sales - I will follow … (0 comments)

bottom of the market: Mortgage Meltdown - 04/16/08 02:12 PM

I blame the government for not regulating the mortgage industry for this housing crisis. Homeownership being the number 1 investment vehicle for the United states should have had more protection than to let a bunch of mortgage brokers fool people into these silly loans. This mortgage meltdown is now affecting people … (0 comments)

bottom of the market: Is The Worst Of The Worst Market In 30 Years Behind Us? - 04/14/08 08:11 PM

The answer to that question, in my opinion is, in a word.....YES!
You will not hear this from the media for another 6 months. It will take that long for today's sales going into escrow to show up in Dataquicks reporting of closed transactions. Even then, it will be showing sales down … (15 comments)

bottom of the market: Is this the bottom or just the trough? - 04/03/08 04:59 PM

Yes there are signs of recovery even if anemic? Pending sales on the increase (especially in North San Diego County), Investors coming off the sidelines, multiple offers on reasonably priced properties and interest rates hitting historical lows. To look at this objectively since part of the increased business is typical in … (1 comments)

bottom of the market: Buyers: Should you wait for the bottom of the market? - 03/05/08 04:07 PM

A couple of days ago I read an article from the msnmoney.com report. It was titled Buyers: Should you wait for the market bottom? By Melinda Fulmer. I thought it was interesting to see a report from a major news source that was actually positive news on the market. In the … (0 comments)

bottom of the market: A lesson on Real-ativity - 02/20/08 09:41 PM

This is going to be a short and sweet comment of which i have been previously hesitant to make, and yet, I shall.
I hear quite often this phrase "I'm waiting for the bottom of the market".
In the past week I have been outbid three times on REO's that the selling Realtor … (4 comments)

bottom of the market: Timing the Bottom of the Atlanta Real Estate Market - 11/14/07 10:54 AM

The real estate market has changed in Atlanta and we are in a buyer’s market. To refresh, a buyer’s market is when supply outnumbers the demand. This results in swelling numbers of homes for sale and possibly flat or falling prices. I am hearing from many people that they are … (0 comments)

bottom of the market: Top Five markets where prices are rising - 11/03/07 02:34 PM

The Wall Street Journal just released results from their survey of which markets are experiencing price rises and which reductions.
On the black side of the balance sheet and heading the list is Seattle with a 5.7% increase in values. Charlotte is next with 5.6% and then there is a jump down … (4 comments)