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6 Comments on The Real Estate Market is Awful
All real estate is indeed local. 20 second generality soundbites can not do justice to any specific market.
Eric I have to agree with you. Homes in Lee County FL (one of the more "depressed" areas) are selling quickly and for 101% of asking price in general. Homes are moving. The market is tough for traditional sellers, who purchased their homes at the peak of prices, but it is by no means dead.
Great post Eric...the Texas real estate market is doing well and a large part of that is due to the positive spin myself and my fellow Realtors put on it - and, negating what the national news keeps trumping up.
Quote of the day: Why are we discussing this - are you looking to buy or looking to sell? Real Estate is a market and there are opportunites in any market. It can be tough to sell where prices have fallen 20% for a homeowner who purchased four or so years ago using 100% financing.
Thank you all for your comments, I am glad to hear you are seeing and feeling it as well, lets make sure the sound bites are about the markets we work in and call home. Daniel, I used to live in Charlotte and yes selling a home in a market down 20% can be tough, having been a top realtor in Fort Lauderdale for over ten years I see a 50% decline as tough, 20% starts to feel like a piece of cake, its all a matter of perspective. Keep working hard pay attention to the basics and you won't even notice the first uptick, you will be too busy I promise.