When Will the Real Estate Market Return to Normal?

By
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Everyone is asking, "When are things going to return to normal in real estate?"  Most don’t realize that we are getting very close to a normal market now.  It’s taking a while to recover from the shady financial dealings that created the artificially inflated markets of five years ago.

The poor lending practices of the past are indeed making it more difficult for some to secure financing, but that's not necessarily a bad thing.  Those few years of lower standards and easy money led us into an unsustainable and inflated market.  In the long term, it's good for housing and for the economy when banks become interested in whether loans will be repaid.

We are rapidly approaching the traditional normal market where home prices are stabilizing, the number of sales has been increasing, and more people are realizing the benefits that homeownership offers, for both personal and financial security.  Because of historically low interest rates, affordable prices, government incentives, and motivated sellers, the housing market is experiencing solid signs of recovery.

All of these factors combine to get new first-time buyers the ability to afford a home and many are excited about a purchase.  As these consumers enter the market, they will trigger other purchases, and the chain of transactions grows.  Expect your real estate representative to reveal a wide range of affordable choices and guide you toward securing the financing you need to make your dream come true.

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Joni McClintock 11/19/2009 05:06 AM
Topic:
Home Buying
Location:
Florida Martin County
Groups:
1st Time Buyers
Advice for Buyers
Tags:
market
normal
real estate
gabe sanders
susan maxwell

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Rainer
209,593
Dennis Duvernay Broker/Owner
Hillview Realty - Northbridge, MA

Well said... once the unemployment figures lower we will reach the normal market and all be excited once again.

Nov 14, 2009 10:02 PM #1
Ambassador
2,752,368
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Affordable choices indeed.  So many, in fact, that a home buyer has a hard time making a final decision. 

I'm of the opinion that there is really no "normal" in real estate markets.  Today's normal is what it is today. 

Past normals are just that, history.

I'm just hoping tomorrow's normal is an improvement over today's normal. 

Nov 14, 2009 10:04 PM #2
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks Dennis. 

Lenn, I understand.  Some want to see every home available to make sure they're not missing the absolute perfect home.

Nov 14, 2009 10:33 PM #3
Ambassador
2,752,368
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Gabe.  So many buyers have a midset of what they want to pay, or know what they are qualified to buy, yet continue to seek a home that meets their preconceived notion of what they should be able to buy for that amount of money. 

"Here's what I want and here's what I will pay". 

Doesn't always work. 

Nov 14, 2009 10:46 PM #4
Rainmaker
432,201
Anne Hensel
South Beaches Real Estate Professionals - Saint Petersburg, FL
Realtor - Broker - St. Pete Beach, Treasure Island

I love what Lenn had to say. "normal" has changed.

Nov 14, 2009 10:53 PM #5
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks Anne.

Lenn and we are getting a lot of buyers that think they know the market better than we do and are making ridiculously low offers.

Nov 14, 2009 10:57 PM #6
Rainmaker
545,146
Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,

ToulaRosebrock,com

Hi Gabe:

I'm with Lenn on this...

Is there really a "normal"?   I guess, normal would be an opinion.

I think we could say that we ARE in a normal real estate market...normal for this exact time!

Nov 15, 2009 12:50 AM #7
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Toula, I think there's a normal range.  Hard to tell after the destructive practices in the exuberance of the earlier market.

Nov 15, 2009 12:57 AM #8
Rainer
123,723
Kryste Adams
RE/MAX Key Properties - Luxury Homes, Golf Course Homes - Bend, OR
Bend, Oregon Real Estate

I'm with Toula, is there really such a thing as normal?  Maybe it's my age....the market started skyrocketing when I graduated from college, peaked then plummeted.

Nov 15, 2009 06:48 AM #9
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Kryste, OK, maybe I shouldn't have said normal.  How about slow and steady reasonable appreciation?

Nov 15, 2009 08:50 AM #10
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments, always appreciated.

May 28, 2015 06:02 AM #11
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Dennis, thanks for taking the time to comment it is always appreciated.

 

Dec 25, 2017 06:33 AM #12
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Lenn, thanks for taking the time to comment it is always appreciated.

 

Dec 25, 2017 06:33 AM #13
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Lenn, thanks for taking the time to comment it is always appreciated.

 

Dec 25, 2017 06:33 AM #14
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Anne, thanks for taking the time to comment it is always appreciated.

 

Dec 25, 2017 06:34 AM #15
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Toula, thanks for taking the time to comment it is always appreciated.

 

Dec 25, 2017 06:34 AM #16
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Kryste, thanks for taking the time to comment it is always appreciated.

 

Dec 25, 2017 06:36 AM #17
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