2009 real estate buyers' market housing trends and predictors are front and center as we head down 
"Possibility Road". In Part 1 I talked about a plausible plan of action given the current situation is to focus on what we do know...and, in particular, what we know about Buyers in the 2009 Buyers' Market; that 1) 80+% of Buyers begin their search online, that 2)they seek information about property buying and investment issues, mortgages and listings, that 3) they are very interested in Trends, and most especially that 4) more and more, as they head down "possibility road" they want to have neighborhood details.
(see photo of "possibility road taken last weekend at Hickory Nut Forest Eco-community)
You know, as real estate professionals, most of us have attended to #1 and #2. But what about #3 and #4?
Recently, while myself investigating real estate market trends, (as per #3 above)
I found an interesting site called Housing Predictor This link will take you to a site that provides independent real estate market forecasts.
The online info-source says: "Home price deflation and appreciation forecasts are updated as local conditions change throughout the entire year. All markets are reassessed on an on-going basis. Researchers gather information on more than 20 factors including economics, regional political influences, business development, construction, employment levels and other socioeconomic issues from independent sources."
I checked it out.Happily, it turned out to contain very positive predictors for the North Carolina real estate market! Quoting here: "North Carolina has become a new sort of retirement community for many, and the state is doing much better than most others and it should see less severe fall out from the mortgage mess than most other states. " That's good to know.
Asheville NC Real Estate Marketaccording to that source: "There's no doubt home sales have slowed in Asheville, but nothing like other areas of the country. Tucked away in the North Carolina Mountains, Asheville has cooler summers than much of the southeast making it a perfect spot for get-a-ways. A growing second home market is helping home sales in the area forecast to appreciate 3.2% for the year." And they didn't even include the demand by buyers in our neck o' the woods for green built homes and eco-friendly land and eco-community development. (see photo)
How about your market?
Check it out HERE:
http://www.housingpredictor.com/index.html
Back to the idea that more and more Buyers want to know neighborhood details. (As per #4 above) Buyers and investors are tuning in to local interest items. Real estate professionals are in a position to have a rare and unique perspective on such items. And with the trend toward sustainable, green homes in eco-friendly neighborhoods, who better to be at the center of an online conversation?
Luckily, the trendsetter team at Active Rain figured this out two years ago. The result of their forward-thinking is LOCALISM.COM. Here's a good place each one of us can look at to bring energy to the lagging housing market. It can be a real boon to all concerned.
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(*)/'(*) .......... ............and always remember that " poets are soldiers that liberate words from the steadfast possession of definition." -Eli Khamarov ....... We are in a sustainable world, so grab hold of your Muse... dream that world... and make it happen!. ......................... .............
Real Estate Market Housing Predictors 2009 Buyers' Market. Part 11. The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants! Copyright © 2008 All Rights Reserved
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