Now that's the Million Dollar Question! What is Driving The Real Estate Market?
You can ask a dozen Real Estate Agents and you will most likely get a different Opinion from each one.
Some of those answers may be any of the following:
- The Media reports are all gloom & doom so it must be their fault
- The Interest Rates are Historically low, low, low
- The Inventory is Historically high, high, high
- The Economy is Strong so there's money to be spent
- The Unemployment Rate has remained very Low so there are Jobs for everyone
- The Stock Market - well, that's always Up & Down!
- Realtors are either very Slow or extraordinarily Busy
- The Weather is either Too Cold or Too Hot - Sounds Like a Fairytale
The fact of the matter is that it's always a combination of all of these factors. We don't live in a vault and everything that goes on in the World affects the state of The Real Estate Market.
Just our Two Cents...
Comments(4)