| Consumers Agree - It's A Good Time to Buy Real Estate |
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| According to the latest Spending and Saving Tracker from American Express, more than two in five (41 percent) of Americans said that it's a buyer's market for real estate. However, over 61 percent agree that a seller's market is at least a year away. |
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| Other findings: . Homeowner confidence on whether they would receive the asking price for their home is nearly evenly split-43 percent said they are confident they would; 47 percent are not very or not at all confident. . However, many homeowners-39 percent-are not willing to settle for less than the asking price, even considering the tough real estate market, in contrast to 23 percent who are willing and 38 percent who are not sure. . To sell their home in the current market, 44 percent of homeowners note that they would be interested in including appliances, while 28 percent would consider offering to make requested repairs or allowing an allotment for repairs. |
Keller Williams Realty Kingstowne/Alexandria, VA Office - Fairfax, VA
Experienced Real Estate, Professional Serving No. VA and DC
In some markets (and markets within markets), it already is a seller's market. D.C. area has a less than 90 day inventory. Consumers are wise to buy now if they can, it won't get much, if any better than it currently is.
Apr 03, 2011 03:22 AM
Worcester, MA
"The Mortgage Buddy"
Let's spread the positive news. The time is now the rates are still low and it's only a matter of time before the government takes away coolaid and rates go up.
Apr 03, 2011 03:22 AM
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker
It is always a good time to start owning, investing in real estate. Just study of the market needed to get the best deal, link up with the agent, broker, REALTOR who can make it happen! Nice to see you quote a survey as so often it is just an blogger quoting numbers that we have no idea where they came from.
Apr 03, 2011 03:24 AM
Allen Tate - Concord, NC
Today appears to be the ideal time to purchase property. There are some great properties at good prices and interest rates have never been better.
Apr 03, 2011 03:27 AM
Mark 1 Real Estate Advisors - Huntington Beach, CA
This is a GREAT time to invest in real estate. Here in SoCal, we haven't seen an opportunity like this since 1993; and people are afraid to take action. I think people will wait until 2007 like conditions to take action and invest. However, homebuyers are out in record numbers.
Apr 03, 2011 03:29 AM
Rainmaker
521,602
521,602
Donna & Larry Johnson
Chester & Delaware County
Comments(5)