waterloo: The new real estate market
- 01/22/09 07:32 AM
The new real estate environment is quite unlike anything anyone has seen before. Granted election years are always a bit on the slow side but this year we had some extraordinary circumstances what exacerbated the situation and with a slowing economy, massive foreclosures, and banks not lending money, the market pretty much locked up completely. In fact the only people out looking at real estate right now are people who want to invest on the foreclosures that are selling for up to 50% under their true value. One thing that we as agents have going for us at this point is … (0 comments)
The new real estate environment is quite unlike anything anyone has seen before. Granted election years are always a bit on the slow side but this year we had some extraordinary circumstances what exacerbated the situation and with a slowing economy, massive foreclosures, and banks not lending money, the market pretty much locked up completely. In fact the only people out looking at real estate right now are people who want to invest on the foreclosures that are selling for up to 50% under their true value. One thing that we as agents have going for us at this point is … (0 comments)
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