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What is Really Happening in Today's Real Estate Market.

By
Real Estate Agent with RE/MAX NW

Well I'm sure many of the people reading this blog have heard the news stories of how the real estate market is crashing... Well, to be honest I'm sick of all the doom and gloom stories, and I think it is time to start looking at what is really happening. 

In today's market property is not being bought up as quickly as it was a few years ago. This is true, but are things really as bad as what the media is making the public believe? No! Things have just shifted slightly more to the buyers advantage. With many properties on the market right now sellers are having to be realistic in their pricing. If a seller really wants to sell their property, they probably will. That is, if it is priced right. Most likely the sellers will make a profit on what they are selling. I know I would. I bought my house in Roslyn three years ago. Yes, I did make improvements, but I would still walk away with about 100K in profit if I were to sell today.

 I think it is time to stop the doom and gloom stories of real estate out there. There are still both buyers and sellers. Yes, sellers are going to need to be more competitive if they want to sell, but it is about time if you ask me.

 Let's all look for some good investors to buy property right now. The market has definitely not crashed... It has just changed, and that is something that is alway bound to happen in life.

Show All Comments Sort:
Chris Elsie-Higdon
RE/MAX Real Estate Pros - Quincy, IL
Amen! Every other day someone says to me, "sell anything today"?. If I answer "No, not today", they start in about the market and noone is buying or selling anything,etc.  I hear all the negative about the market. We are still seeing both sides active, I wish people would realize that things just are not as bad as the media reports "nationwide". Every market is different.
Oct 18, 2007 07:44 AM
Randy L. Prothero
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645

Even though our market is in Hawaii is still quite strong, our evening news had a feature story about how foreclosures are climbing.  They then showed people from other states (not locals) talking about how bad it is in their state.  At the very end of the story they quietly mentioned that we are among the lowest in forclosures rates because our prices are climbing and most homes have equity here.

Oct 18, 2007 07:48 AM
Sam Miller
RE/MAX Stars Realty - Howard, OH
Knox County Ohio Real Estate Specialist

Laura - You couldn't be more right about the gloom and doom.  Actually today is a fantastic time to buy real estate...amazing values, low interest rates and a wonderful selection.  Check out this blog and video I created a couple of days ago...I think you will especially like video comments.

http://activerain.com/blogsview/239709/Great-Time-To-Buy

 

Oct 18, 2007 07:49 AM
Brian Hoots
Real Living Speckman Realty, Inc. - Bourbonnais, IL
Laura, great post , welcome to active rain, enjoy the community
Oct 18, 2007 02:08 PM
Larry Wright
nwRealty.Com - Tacoma, WA
Good post Laura ... the easy rides on the gravy train are over, keep the positive attitude and you'll do well. 
Oct 25, 2007 11:26 AM