We need positive price action to confirm the market bottom. Other good signs inaddition to price action, are positive action on % of new listings sold. Lower DOM (days of the market) and lower new listings.
For more details or just to chat about market conditions please feel free to contact me. Thank you
We still are having a low percent of new listings being SOLD. Currently (28.92) % on a year over year, YTD comparison and we need positive % of listings sold, with positive price action to confirm market bottom. Please see data below. PRICE ACTION
Other good signs in addition to positive price action is lower DOM (days of the market) and lower new listings.
SUMMARY Currently we are not seeing the needed positive price action to confirm a market bottom. This is NOT a good time for conservative buyers to purchase. High risk tolerant investors and speculators … (0 comments)
resources: Saratoga Springs Real Estate market is slow, However, it's still a great place to live.
- 11/30/08 08:56 AM
Saratoga Springs real estate market is suffering like most of the markets across the US. It's not a good time to buy because we don't have a confirmed bottom. Sellers need to also stay put, if at all possible. I'm still positive about Saratoga Springs, maybe because it's my home. I work mainly in Salt Lake City area and live in Saratoga Springs because like the rural environment and beautiful views. I have attached a few examples below.
Here we have a beautiful sunrise coming through the clouds and reflecting on the mountains and Utah Lake. Most areas of … (4 comments)
For many of us, our homes have been our biggest investment and largest source of wealth. The wealth growth can be magnified by the use of other peoples money (OPM). On the other side of the coin losses can also be magnified. Now the markets near term appreciation is unlikely and these current market conditions likely to continue into the foreseeable future. Is the tree dead? I hope it's not. A unhealthy housing and mortgage market has dragged down the entire economy. So it is hard to believe the economy can recover without a stable housing and mortgage market.
Raise the financial IQ of buying public and we all can make better buying decisions and hopefully avoid our own personally financial meltdown. Here are my thoughts:
Last week I had the opportunity to volunteer for a Financial Literacy Fair held at a local college for the benefit of all local high schools that wanted to participate. It is a new program fund entirely by local business and volunteers. The goal is to raise the financial IQ by simulating real life.
My Blog is designed to provide resources to enable you to make an informed buying and seller decisions. For comprehensive resources log to www.MarkWatterson.com or www.UtahMark.com
We still are having a low percent of new listings being SOLD. Currently 6.61% on a year over year comparision. We need positive % in lists sold, with positive price action to confirm market bottom.
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