The Real Estate Market
Where have all the Homebuyers gone is the question, anybody have an answer?
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Lizette Realty - Richmond KY - Lexington, KY
Lizette Realty, Lexington KY MLS - Kentucky Homes
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK
Baird & Warner Downers Grove - Downers Grove, IL
Realtor - Downers Grove
Gene...they are definitely not in Illinois. Maybe we should move to Kentucky.
Apr 27, 2007 01:46 PM
Hometown Realty - Ashland, VA
Accounting Manager, Hometown Realty RVA
We have plenty of buyers in Central Va:
Sold YTD 2007 3199 +5%
Sold YTD 2006 3039
But we have even more sellers:
New Listings YTD 2007 9196 +12%
New Listings YTD 2006 8190
Average sales price is up about 3% too.
What a great time to be a buyer!
Apr 27, 2007 01:49 PM
thredUP.com - The Woodlands, TX
knitwit at thred UP
Berkshire Hathaway HomeServices Verani Realty - Exeter, NH
Real Estate Broker
Very quiet here in NH. Inventory very high. Prices nee dt ocome down somewhat before buyer swill come back out and buy.
Apr 27, 2007 02:27 PM
Coldwell Banker Realty - Mountain Lakes, NJ
There's no substitute for EXPERIENCE!
12 YES 12 months of inventory in Jefferson Township, NJ. The buyer are all waiting for 2004 prices to kick in. That's the formula espoused by the leading indicator, Jeffery Otteau, nj state appraiser.
Apr 27, 2007 02:28 PM
Rancon Real Estate - Temecula, CA
If the prices get right, the buyers will be there! We are still selling in S. Calif but only the realistic priced homes.
Apr 27, 2007 02:33 PM
INC Financial - Bartlett, IL
They are out there. i run into them. They just do not want to be viewed in the same way anymore. You need a different bait.
Apr 27, 2007 04:08 PM
Grampp Realty: Real Estate in the Quad-Cities - Bettendorf, IA
Quad-City REALTOR®, @ Grampp, Realty of The Q.C.
There are still a lot of buyers out there---especially in the first-time home-buyer market...
I am currently working with eight (8) first time home buyer clients: All of whom are pre-approved. All of whom are serious buyers and not just tire kickers. They will all buy when, and only when, the right home comes on the market at the right price.
The problem that I'm finding is that there are a lot of homes in that price range that are either 1) Seriously over-priced, 2) Very small, crackerbox houses that are in good condition and priced right, or 3) Bigger homes that are in need of a lot of work....
When I started in this business 7 years ago, you could still find a very decent home in my local market for $60,000 to $65,000...
Today, you need to go up to $110,000 (and often times even higher) to find anything worth looking at...
Some sellers are still trying to price their homes like its still 2004...
But, it's not 2004 anymore
Apr 27, 2007 04:28 PM
Downing-Frye Realty, Bonita Springs, FL - Bonita Springs, FL
Bonita Springs Listing Specialist - Agent
They are quiety studying the market, mostly on the internet. They are waiting for the market to settle. When they feel secure they'll jump back in. They're starting to get back in in SW Florida!
Apr 27, 2007 11:45 PM
Provadus Home Loans - Marietta, GA
Technology bringing you home.
They are scared to spend their money. I am doing more first time home buyer transactions than ever here in Atlanta. Things are steady. Best of Luck.
Apr 27, 2007 11:55 PM
Michael Hutchins Ent. - Chicago, IL
Gene hopefully you'll start seeing more of them with the good weather. I could use a few more borrowers too! By the way, welcome to the Rain! I think you'll find this is a great site to network and learn from others.
Apr 28, 2007 06:22 AM
Jensen Realtors - Bolingbrook, IL
Happy Sunday Michael, the Chicago Bears are having a great draft the Bulls just swept the Heat and I'm working my Real Estate Internet Farm, life is good. Thanks for the welcome.
Apr 29, 2007 08:15 AM
Comments(14)