Housing report you need to see
Thanks Mark for such an insightful report. It sure does shed a different perspective on the market today. And there does seem to be some hysteria going on with supply and demand.
With all the media hype on the Housing recovery - what will sellers believe? - Your local news hype or an agent armed with this factual report?
The following report shows the true escalation of prices over time and in my opinion negates a lot of the hysteria starting to build.
As someone that does builder business, Realtor business and past client refinances, I appreciate some positive news especially now. However, what I do need to remind my agent partners and cleints of is that we are still not out of the woods. With prices forced up by cash, and investment groups - these prices are forcing buyers out of the market, and infact demand is down for homes by traditional home buyers compared to previous years and that short fall in consumer demand is being compensated by cash investors.
What I am fearful of is, what happens when the investment groups release their inventory down the road will there be pent up demand left or will buyers have moved into the fastest growing sector building right now multifamily and rentals?
Lots of questions raised, love to get your feedback. But do enjoy the attached report.
This Active Rain post is by Mark Taylor, to get your free mortgage approval please call 602-361-0707. Please click on the links below to view my AWESOME websites!
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