Home Sellers Still Bare the Upper Hand in 2014

By
Real Estate Broker/Owner with Kolsky Realty & Management 01311273
http://actvra.in/4cbQ

 

Home Sellers Still Bare the Upper Hand in 2014

 

the winning handNationwide January saw home values have their smallest gains since May 2012 as January 2014 from December 2013 home values only rose 0.2% Even though we’ve hit a little lull in the housing market, I don’t think sellers should hit the panic button just yet nor should buyers start banking on the housing market turning into a buyer’s market either.

 

The spring buying season is right around the corner, and unless a lot of inventory miraculously hits the market, shoppers will feel the pinch as they compete with other home shoppers for the same property.

 

According to a bozo overpaid chief economist (one that works for one of the top aggregate website which bears a fictitious name) wants you to believe metro areas are headed for a “significant” cool down, and home values will take a hit, but he’s just a doom prognosticator spreading puffery, gloom and pontification)

 

Here’s a big news flash, RENTS… For the last seven years, the rental market gained traction & currently we're in an extremely strong rental market, and that bodes well "as well as" favors the housing market. As long as we have a vibrant rental market and affordable housing; investors will compete to buy homes and keep home prices on the upward swing. What the overpaid chief economists needs to realize “the housing market CAN’T dropped when there’s legions of investors buying up homes.  

 

Do you want to know what the present of the housing market is in your area? If so, feel free to talk with a local real estate specialist in your area, &, please, whatever you do “stay off websites that have concocted made-up names” 

 

No matter how the housing market performs, real estate is local. When it comes to identifying the housing market, your local Realtor lives it and breathes it day in and day out, and by far and away the best place to get current housing market conditions.

 

 

***Comments? Questions? Want additional information? Post your comment directly to me online, or please call me anytime!    

 

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Rainmaker
828,238
Les & Sarah Oswald
Eastvale Team Realty & Property Mgmt - Eastvale, CA
Broker, Realtor and Investor

Having a lull in the housing market during one of the worst winters ever is to be expected for sure... Spring time is just around the corner and should pick up as you say.

Feb 21, 2014 01:31 AM #1
Rainmaker
1,152,494
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Sarah & Lester~ I have a feeling that's exactly what's going to happen too, Spring is almost upon us and that should strike up the band The one thing I know for sure is "consumers & agents, both need to stay off RE websites baring made-up names" 

Feb 21, 2014 01:41 AM #2
Rainmaker
900,314
Richard and Beth Witt
Long Island Cash Home Buyer - Massapequa, NY
Long Island Cash Home Buyer 516-330-6940

Jon... I like the fact that you point out that real estate is local and that folks should contact a local realtor if they want to know what their market is doing... Prices are very flat on Long Island and our inventory as well as the # of sold property remains about the same as it has been the last few years... So time will tell... At least flat is better than down...

Feb 21, 2014 05:17 AM #3
Rainer
323,598
Scott Larson
BHHS/Utah Properties - Park City, UT
Park City, Utah Real Estate News

You always seem to have the right perspective Jon, real estate is local and the national real estate market is a collection of local markets.  I think anyone counting on a slowdown is in for a rude awakening but that is what makes a market, differing opinions.  Personally, I agree with yours.

Feb 21, 2014 05:45 AM #4
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

I have a feeling you're right on the money here Mr. K.....springtime is going to be "big time" when it comes to home purchases.

Feb 21, 2014 10:01 AM #5
Ambassador
2,732,175
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Northern VA

A national economist making a broad sweeping statement is a blow hard.  Real estate is local.  You are right on when you tell people to talk to a local agent about their local market.

Feb 21, 2014 12:27 PM #6
Rainmaker
3,578,161
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For those that have been waiting on the fence, it appears that the fence is becoming taller, denser and more difficult to get off.

Feb 21, 2014 08:54 PM #7
Rainmaker
1,152,494
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Beth & Richard~ thanks for the great comment, I really appreciate it! & hopefully things get better and pick up, I am sure the warmer weather will help  

Scott~ I don't see the market tanking anytime soon, any slow down should be temporary, and that's my final take on it But we will see, soon enough! Thanks for the comment

RM~ that's all it takes to put the biggest smile on my face Here's to a brilliant spring!

Chris Ann~ any person working for a company that has a made up name is a dork, especially the chief economist, he is a REAL piece of work, and I am glad you picked up on that! Thanks for the comment!

Gabe~ you maybe right! Thanks for the comment!

 

Feb 21, 2014 11:37 PM #8
Rainmaker
2,089,761
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Jon,  Now that is a  good card hand,  I think the market is going up this year on homes in the Denver area.  Have a great day!

Feb 21, 2014 11:53 PM #9
Rainmaker
1,152,494
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Will~ I agree "not a bad hand at all" ha ha...No matter what I have a feeling you are right on the $$$$ too! Thanks for the comment 

Feb 22, 2014 12:18 AM #10
Rainmaker
2,533,280
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

JK - there's always an opinion out there especially when it relates to real estate. While what happens nationally is of some importance as a reference point, most people want to know what's happening in their neighborhood so that's why local real estate knowledge is paramount.   

Feb 22, 2014 12:37 AM #11
Rainmaker
1,152,494
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

MJ~ real estate is local and that's why "WE" do real estate BEST!... Great call!

Feb 22, 2014 12:57 AM #12
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