Why aren't you buying real estate?

By
Real Estate Broker/Owner with RE/MAX FIRST, INC.

 

So far this year the DJIA ( Dow Jones Industrial Average) is down 14.44%!!  I am curious to know why people aren't taking their money out of the stock market and putting it into real estate.  The selection of property on the market is higher than it has been in years.  Jefferson county washington state is experiencing a slow market, but prices haven't plummetted.  The time on the market has increased considerably, but the price has only come down a little.  But there are more homes to choose from.  This is a great time to buy.  Interest rates are still very good. 

 

Comments (4)

Cameron Novak
The Homefinding Center - Corona, CA
Featured Corona Real Estate Agent Team

In our area, selection of real estate has shrunken dramatically over the past 60 days.  There are no longer as many great foreclosure deals.  Buyers are coming back to the market in bus loads here in Southern California, sensing that now is the time to buy.  Much of what's on the market is unapproved shortsales.  Furthermore, most short sale agents have absolutely no idea what they're doing.

Cameron

Jun 30, 2008 11:32 AM
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

People need to know, that the last high market is gone.  Too many folks just don't get it, waiting and waiting, for days gone by.  Investing in real estate is safer than the markets, however, people only hear the bad news:)

It's a Good Life!

Fran

Jul 01, 2008 03:35 AM
Steve Shatsky
Dallas, TX

Buyers are slowly starting to return and probably would be returning even more quickly if the media didn't scare them with some gloom and doom prediction or an interview with some unknown "expert" who says "I wouldn't buy now." nearly every day.

Jul 01, 2008 03:43 AM
Nancy Pav
Century 21 Redwood Realty - Ashburn, VA
Nancy Pav, Your "GottaHave" Realtor

Cameron, I like hearing that buyers are coming back in busloads.  Here in Northern Virginia, we're starting to see a pick up as well. In May, we had the most sales  since August 2005.  YIPPEEE!!!

Jul 02, 2008 10:27 AM