real estate market: Trending Housing Markets
- 09/14/15 05:28 AM
Over the past 39 years as an agent in the Rapid City real estate market, one of the questions I have been repeatedly asked is, “How is the current market?” Most agents will address trending housing markets with terms such as: good, bad, hot, or cold. Years ago, it occurred to me that these terms really did not accurately portray the real estate market. A more accurate assessment of housing market trends really boils down to what is happening with buyers and sellers. Scenario 1: Does the market have a shortage of buyers and too many sellers?High Inventory Markets: In this type … (0 comments)
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real estate market: 55+ Real Estate Market Booming
- 02/27/15 08:05 AM
While many in the real estate profession have been busy wringing their hands over when millennials will get into the housing market, there is a solid segment of homebuyers and renters who have been quietly supporting the market on their end: those 55 years of age and over. With many baby boomers looking for retirement homes or downsizing now that their children are out of the house, this demographic has been spurring increased single-family and multifamily starts for the past year. According to the National Association of Home Builders (NAHB)'s 55+ Housing Market Index (HMI), builder sentiment is more confident in the 55+ … (1 comments)
Over the past 39 years as an agent in the Rapid City real estate market, one of the questions I have been repeatedly asked is, “How is the current market?” Most agents will address trending housing markets with terms such as: good, bad, hot, or cold. Years ago, it occurred to me that these terms really did not accurately portray the real estate market. A more accurate assessment of housing market trends really boils down to what is happening with buyers and sellers.
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