Let's beat the horse some more!

By
Real Estate Agent with DPW Real Estate

So according to the majority of News Channels life is over as we know it! The economy is going south, inflation is at its worst in 17 years (http://biz.yahoo.com/ap/080116/economy.html?.v=8) and the Real Estate Bubble has finally started to deflate. The only people that should be buying houses right now need to be playing for the Patriots!

I hear this negativity daily throughout my adventures on the net, watching the news and reading all the magazines that fill my mail box and can't help but wonder what would happen if someone reported it in a different view. OK, so some markets are a little softer than here in Charlotte, NC but at the same time the clients that I am working with still have a home to sell elsewhere and people are buying there. So is the market really that bad? If it was wouldn't they just rent until the upswing? From the neighborhoods that I like to watch houses are still moving, investors are still buying (above asking price) so again is the market really that bad?

I feel that if your in the market to buy a home and plan on living in it for the average 5-7 years this is a perfect time to purchase. Charlotte is still plugging along the phone is still going crazy and business seems to be in at a steady humm. Maybe the news will find another story besides the Real Estate gloom and Britney and we can move on and enjoy our homes.

So I'm going to take this call and hopefully find a house my clients can call home!

 

P.S If you want to talk Charlotte join us over at www.queencityarea.net where you can get unbiased opinions from the locals.

Comments (4)

Sean Allen
International Financing Solutions - Fort Myers, FL
International Financing Solutions

Buying Real Estate should always be looked upon as a "Long Term" investment. If a buyer takes that viewpoint, then they should be able to make a profit.

Sean Allen

Jan 16, 2008 05:15 AM
Rosario Lewis
DDR Realty - Newburgh, NY
GRI, SRES - DDR Realty - Orange County, NY

Now that presidential candidates are getting near constant airtime, the public will be hearing a lot more negative takes on the real estate market. It's unavoidable.

Jan 16, 2008 05:18 AM
Lee Hannibal
DPW Real Estate - Charlotte, NC

Rosario, I agree completely. While I do not want to push it under the rug I just hope its been reported accurately.

Sean, I agree with you too. Unfortunately some of the influences in life do not share this idea and act is Real Estate is a stock in a tech company :)

Jan 16, 2008 05:24 AM
Joslyn Bird
Howard Hanna Bardell Real Estate - Somerset, PA
Associate Broker/Certified Residential Appraiser

Perception is reality is the response to the market that I heard at our Realtor conference this year. I guess that can be taken many ways. I agree that if you are purchasing real estate it should be a long term investment. Just seems far too many people think with the "Flip this House" mentality and that isn't good.

Jan 16, 2008 05:49 AM