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So Where is the Market Heading?

By
Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

So Where is the Market Heading?

 

Lately I have been of the opinion that the Bottom of the Real Estate Market is driving the Top of the Real Estate Market.  That is the low end homes are being snatched up fast driving up the price of Low End Real Estate, which pushes the price of the Higher Priced Real Estate up.  

Now each and every Real Estate Market is different and the National Real Estate Market does not always reflect the Local Real Estate Market.  But every morning I listen to the National Real Estate Report; and Frank and Brian have a different perspective.  Listen to what they have to say on the subject:

At first I thought, well this does not apply to the Brentwood Real Estate Market and the surrounding areas of Antioch, Oakley, Pittsburg and Discovery Bay.  As a REALTOR I often get a gut feeling about where the Local Brentwood Ca Real Estate Market is heading before I even have statistics in hand to make a documented statement.  

Some of this may be happenning in the Local Real Estate Market.  The number of cash buyers has fallen off.  There are more people coming into the market Shopping for High End Homes.  People will pay for quality.  However, the bottom of the market is still moving very fast. 

But what ever your situation this is a great time to Buy a Home.  

Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Gene Riemenschneider I think you hit the nail on the head!

Thank you so much for the insights on the real estate market!

This is really great information for buyers and sellers alike!

Best wishes for a productive week!

Aug 26, 2014 12:30 PM
David Saks
Memphis, TN
Broker / Industry Analyst

Another fine post and great information for all. Have a terrific day ahead.

Aug 27, 2014 01:07 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Jim and David Thanks for coming by.  I recommend subscribing to the National Real Estate Post.

Aug 27, 2014 01:24 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227
Thanks Gene. We are feeling a subtle shift in market as well in North Idaho. Some want to put it to changing of seasons here. I feel that is but a small part. Make it a great week. Mark
Sep 07, 2014 11:49 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

I've noticed the same trend taking place in Flower Mound Gene. You've summed it up so eloquently! This shift for lower end, small homes does make a big difference in many peoples life and the economy. Thanks Gene!

 

Sep 22, 2014 07:34 PM