Turning the Housing Market Around - One Buyer at a Time

By
Real Estate Agent with Coldwell Banker Residential Real Estate

 

An article appeared in the New York Times that beautifully illustrates the opportunities today’s real estate market offers. A mother working two jobs saved up for a down payment and managed to buy a large home with a pool for $187,000. Three years ago, that same home had sold for $370,000!

While sellers are still feeling pressure, Team Morgan, your Miami-based Coldwell Banker realtors has noticed that buyers with stable incomes and good credit histories are beginning to spread a “feel good” vibe throughout the industry. Conditions have literally never been better for first-time home buyers. Affordability has seldom been higher and interest rates have hardly been lower. Selection of inventory is vast, and sellers are highly motivated.

As more buyers enter the marketplace, the ripple effect will be felt far and wide. When they purchase a highly affordable foreclosure or “short sale,” they have removed a distressed property from the listings, improving values for other homes in the area. When they buy a “traditional” listing, that sets off a chain reaction whereby the sellers in turn will purchase another home, from sellers who will in turn buy another home, and so on and so on.

You probably get the picture now. As we approach stability in real estate, all indications are that prices will begin rising again. As the market approaches recovery, don’t miss your opportunity for the buy of a lifetime.

 

Team Morgan

Coldwell Banker Real Estate

“For Every Move You Make”

 

Whether you want to buy or sell a home in Miami, Palmetto Bay, Pinecrest, South Miami, Coral Gables or Cutler Bay, you can depend on the Morgan team of realtors to assist you every step of the way during your real estate transaction.

 

 

 

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Jeff Craig 03/03/2010 12:27 AM
Groups:
Coldwell Banker Platform for Sharing Information
Tags:
first time home buyer
foreclosure
real estate
short sale

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
124,523
Coldwell Banker Cutting Edge
Coldwell Banker Cutting Edge - Grants Pass, OR
"Your Proactive, Trusted Real Estate Advisor"

My area in U.S. News was voted the number 3 best place to steal a home in the whole United States, so if you have anyone looking to buy in a beautiful area of about 78,000 people give me a call. =)

Mar 02, 2010 10:50 PM #1
Rainer
60,622
Pam Turner, REALTOR®, e-PRO®, SFR
Century 21 Belk Realtors Dalton GA - Dalton, GA

Things are still tough in my area, but it does seem like people are starting to relax a little bit.

Mar 02, 2010 11:10 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
15,153

Mike Morgan

Ask me a question
*
*
*
*
Spam prevention