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Whats all this talk of a slow market???

By
Real Estate Agent with Town&Lake realty

 I keep hearing the press saying its a slow buyers market.Few buyers?Not the case here in the Milwaukee,wisconsin area.1st time buyers are looking.They are a more educated buyer and they spending a little more time making the decision re:what property to buy buy they are buying.

 

For buyers its a great tme to buy,a bigger selection to chose from,interest rates are great and alot of sellers are offering incentives to make purchasing their home more attractive.

Comments (9)

Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes
We all have to stop thinking it is a slow market and it will improve.
Jul 31, 2007 04:23 PM
Dawn Workman
Veracity Real Estate Group, LLC - Camas, WA
Camas Real Estate Expert, MBA, 480-540-8100
I have been working with a lot of first time home buyers as well. Perhaps with the down market they feel more confident that they will be able to get their own home. 
Jul 31, 2007 04:26 PM
Brad Snyder
Sierra Vista Realty - Sierra Vista, AZ
I have four in escrow and business is good for me. I don't buy into the slow market.
Jul 31, 2007 04:32 PM
William Collins
ERA Queen City Realty - Scotch Plains, NJ
Property and Asset Management

Sandra,

Thanks for the post. Buyers are taking longer to enter into a contract, hence closings are taking longer to be consummated. The market is much slower! However, homes are being sold!

Jul 31, 2007 04:32 PM
Irene Potter
ZipRealty Residential Brokerage - Maple Valley, WA
Creating moving experiences in real estate

I've been delighted that my buyers can finally take the time they need to feel comfortable about their purchase with some certitude that the home they want will still be there the next day. The Seattle area is maintaining a steady upwards appreciation in most areas, but not the dramatic momentum we had in the last few years. How are prices in your area? Are they continuing upward, flattening out or declining?

We have some great first-time homebuyer programs in my area that are state sponsored which make it possible for some first-time homebuyers in the lower income ranges to get more favorable interest rates and sometimes downpayment assistance. Do you have that in your area?

Jul 31, 2007 04:33 PM
Randy Lyon
Kettley and Company - Oswego, IL
Hi Sandra, The same here in Illinois. The world goes by but our midwestern roots tell us to take care of our families and provide them with shelter. It's just ingrained in us. The market is warming up. If just for a couple of months.
Jul 31, 2007 04:34 PM
delete me delete me
delete me - Dixon, CA
You should consider yourselves lucky. It's at a slow crawl. I think this recession that's about to hit us is going to wipe out the tax base of the local governments and there's going to be a lot of unemployed police and fire fighters if the local government don't cut back on the new developments. At least that's the direction it's headed in my market. I'm happy for the rest of you though. Get it while the gettin's good...
Jul 31, 2007 05:25 PM
Joe Zapata
Keller Williams Realty Media World - Burbank, CA
Your Burbank Real Estate Expert

I have also seen a bunch of first time buyers coming out, and with a bunch of cash.  # out of my 5 first timers that I am currently working with are coming in with 40% down or more.  They have been saving their money for the market shift and are ready to make their move.  I love it.

Jul 31, 2007 05:39 PM
Todd and Danielle Millar
Glenn Simon Inc. - Edmonton, AB
Nineteen years of excellence!
It's a slow market only if you think it is! Some Realtors are as busy as ever, really good Realtors don't even think about the market. They can make it happen on their own.
Jul 31, 2007 06:04 PM