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16 Comments on It's Time for Homebuyers To Start Shopping
Good post. The majority of markets timers get led to the slaughter. The Zillow economist is correct. It always blows my mind when a short term news story starts the hype machine. We must look at the long term always
Doug - so true! Long term is the ticket.
I love that we're in a bottoming process. Stan said pending home sales are up 14% over last year and pricing has stabalized in many areas, parts of California inlcluded which is where I'm looking to personally invest.
It's been a challenging past few years... we're overdue for a change and positive swing in real estate.
Good afternoon Brad,
This is a great post..long term is where we have to focus our attention..it has been a challenging past few years..the positive swing in real estate is welcome news!
It is always nice to get some positive news, no matter what kind :-) Thanks for sharing this!
How can anyone ignore the combination of housing prices and low interest rates.
Dorie - it sure is the closest thing to a roller-coaster ride that I've ever witnessed! :-)
Kristin - thanks, and I agree. It used to be that no news was good news... lol~
Chris - you hammered the nail on the head... I need to hop on my Zillow mobile app, start finding some homes in my price range and need, then contact my local premier agent expert to help me lock this all down. The time is NOW!!
Brad, I find that real estate buyers have a 'herd mentality' that is the reason some of the famous investors do well because they do their homework instead of buying when there is already momentum.... they buy and word gets out that they are buying and the rest join in. I find it in my market it has already heated up from Zero we went to 200 mph in the past two months.
Bill - Both? :-)
I like Mark comment,
the specific situation is more important than a rate or media pressure( that often is confusing indeed). When people are motivated, it works for everyone, if they can wait ( even if they are willing, ready and able), they always find the reason not to sell/buy/invest.
This is good stuff, Brad! Thanks for sharing!
It was great talking to you the other day. You are always such an inspiration!!!!!
Inna - I think the two biggest fears buyers have are "am I getting the best deal" and "will something better pop up tommorow?" which causes many to procrastinate and not jump off the fence and take the plunge. Every client and situation is unique which is what really makes this business fun, but also challenging at times.
Thanks DeeDee, I enjoyed our chat on the phone and hope you'll keep in touch, I want to know more about the direction you take after spring cleaning. Looking forward to hearing and reading more about your "success" stories. :-)
Great point, Brad. Real estate is seasonal. And it's even more so during the economic recovery like what we have now.
Interest rates are a key component of the home purchase process. I think people often get hung up on price.
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