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How Real Estate Has Changed From 2010 – Today

By
Services for Real Estate Pros with Jennifer Buys Houses

 

I began blogging on JenniferBuysHouses.com in 2010.  I recently looked back at some old posts and was reminded just how ugly the real estate market was not too long ago.

I am happy to report that our recent posts are much more upbeat.  The real estate market is doing well right now (emphasis on right now).  I’m sure in x-amount of years (hopefully later than sooner) the market will have changed, yet again, and I will write another post reflecting back on the good ol’ days circa 2013/2014.  It’s important to realize that:

  •  Real Estate is an investment.  There is a good possibility that you will see a positive return on your investment (especially if you hold onto the property for a while).  There is also a possibility that you won’t.  Google defines investment as “a thing that is worth buying because it may be profitable or useful in the future.”  See the word ‘may’ in there?  Investments rarely come without risk (please tell me if you know of any).
  • The real estate market goes through cycles.  While it’s not a matter of physics, real estate seems to follow the idea ‘what goes up must come down’. This is seen when home prices increase at rapid rates, forming real estate “bubbles” that are bound to pop.  The opposite of that principle true as well.
  • If you’re thinking about selling, do it sooner than later.  I’m not trying to scare anyone, I’m just trying to emphasize that many factors influence the real estate market and it’s smart to sell when it’s strong.  Most will agree that it’s a seller’s market right now.   Don’t get stuck trying to sell in a downturned market.

To see how far we’ve come, check out a few posts from the dark ages (aka 2011):

Real Estate Market – I Wish I Had Better News

The Real Attitude Towards Real Estate

Waiting for a Recovery? 5 Reasons Why Real Estate Won’t Recover in 2011

 

California Zillow Home Value Index

Comments (7)

Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Jennifer if there is anybody still out there that doesn't understand 'risk' I'd be surprised. Some are wise risks....and some, as we all saw back in 05.06 were darn right crazy risks.

Apr 10, 2014 03:29 AM
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Jennifer~ *suggested* this post rocks, you nail it on the head "the market has changed through the years" 

Apr 10, 2014 03:32 AM
IRMA Beltran
Century 21 M & M and Associates-Turlock homes Real Estate - Turlock, CA
Your Real Estate Agent 4 Life Always there 4 You!

Definitely, nailed it, the market has changed.

Have a Blessed day

Apr 10, 2014 03:44 AM
Eric Kodner
Madeline Island Realty - La Pointe, WI
CRS, Madeline Island Realty, LaPointe, WI 54850 -

It would be fun to publish some of the "forecasts" we saw posted here on AR back in 2009 & 2010.  I remember a few bloggers who made some outrageous forecasts about the future of real estate.  I imagine they'd be embarrassed to see their words in print again today.

Apr 10, 2014 04:02 AM
Jennifer Shenbaum
Jennifer Buys Houses - Redondo Beach, CA

Eric - It would be very interesting to see that!  It is very enlightening to look back at old posts.  There are lessons to be learned, for sure.

Apr 10, 2014 04:08 AM
Than Maynard
Coldwell Banker Heart of Oklahoma - Purcell, OK
Broker - Licensed to List & Sell - 405-990-8862

Real estate definitely goes up and down. Too many people think it only goes up!

How quickly they forget.

Apr 10, 2014 07:15 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I remember the days of the 1970s when you could buy a home in southern Cal, hold it for a year or two and pocket ten grand without doing a thing to it.

Jun 10, 2014 04:16 AM