The seasons are changingWith fall approaching fast, some Real Estate speculators are wondering what the future has in store for the New season? Many novice Realtors and Real Estate Agents are becoming extremely uneasy about the market and are retiring by the hundreds. This is a plus for home owners who are in need of a Real Estate professional because they are more likely to receive the service of an educated person instead of someone trying to make a quick buck because the market was good. The market is becoming more and more scary due to the main stream media reporting on topics that they do not understand. If you are serious about educating yourself on how Real Estate really works i give you my encouragement, for those of you who would rather listen to FOX News and their reporter or CNN then by all means do so but beware.
If you want to know the facts about what is happening in the Real Estate industry then listen up. First there is a problem with foreclosure right now but it's a normal cycle that will straighten it's self out with in the next 9 to 18 months. Second people got real crazy when they found out their homes had rose in value tens of thousands of dollars and spent it without thinking about the future consequences. Third is that investors entered several markets anticipating to capitalize on quick appreciation markets. So there are 3 cold facts of why things are the way they are but understand the Real Estate market is behaving normal right now, it will smooth out in the future. If you are a buyer looking to pick up a home this is definitly the time to buy. Foreclosure rates are at all time record highs meaning banks want to unload massive amounts of inventory. Another bonus for buyers right now is that in the majority of city's across the country the median price of homes are dropping making new developments with loads of inventory sell with huge incentives.
