10 Tips For Surviving The Housing Market

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10 Tips For Surviving The Housing Market

Source: CNBC | April 29, 2011

It's a buyer's market and by many projections, it won't shift to a seller's market for a good year or more. So, how do homeowners, who have most of their equity in depressed real estate, slog through until it becomes a seller's market? Here are 10 tips from real-estate moguls who have survived several housing-market downturns. Homeowners should be very encouraged by the fact that home buyer sentiment has improved. "The mood has definitely changed...buyers are feeling more positive," said Barbara Corcoran, the founder and former president of the Corcoran Group. "The activity level has jumped considerably in the last 60 days...over and above the typical spring market," she said. Rents have been soaring and it's now cheaper to buy than rent pretty much anywhere you go. In about 40 percent of major metropolitan cities, home prices are going up, according to the National Association of Realtors. "There's no better time to trade up," Corcoran said. So even though it may seem counterintuitive to buy more real estate when you're feeling trapped in the home you already own, real estate pros say a downturn like this is the best time to buy. [Read this article]

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Comments (1)

Nona Swann
Swann & Associates Real Estate - Indialantic, FL
Serving the needs of the Sellers in Brevard County

Thanks for the link. A good article from CNBC. 

May 07, 2011 03:16 PM