Real estate pros more optimistic than owners
Thisarticle that just came out in the UPIsuggests an interesting phenomenon.
“Some 37 percent of real estate pros now believe properties will appreciate in value, compared to just 15 percent who felt that way in the previous quarter. While 22 percent foresee a price decrease, that percentage is down from 42 percent last quarter. The remaining agents expect no change.
Meanwhile, the share of polled homeowners who anticipate rising property prices rose to only 25 percent from last quarter’s 15 percent; 29 percent expect prices to decline.”
This seems to suggest a lag in the market between what Realtors® practicing day to day, and homeowners think or feel about the value of their home.
We all know there was a lag on the downside, when sellers refused to believe what we told them their home was worth in today’s market. Perhaps the lag on the upswing will help us keep seller’s asking prices down compared to a rising market.
Let’s hope, as we sure could use some help!
Can he sell it? Yes he can!
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