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Answers (5)
- Dan, "the_country_hick"
- Contributions:4694
The housing market IS picking up. The problem is it is picking up to put itself away as it has run out of steam for now.
We all pick up our toys and put them away when they are not needed any longer. That is happening in real estate now. Prices are dropping, lending standards are tight, buyers are waiting for lower prices and real estate and its sales are in a cupboard waiting for a better season next year, or next decade.
We all pick up our toys and put them away when they are not needed any longer. That is happening in real estate now. Prices are dropping, lending standards are tight, buyers are waiting for lower prices and real estate and its sales are in a cupboard waiting for a better season next year, or next decade.
- MoniqueU
- Contributions:114
at least the foreclosures are selling! It could be worse, the foreclosures could be sitting on the market.
- Jennifer Fivelsdal, "jmfive"
- Contributions:67
I think we still have a way to go. The foreclosure inventory is still high and in my area the absorption rate is way up.
Real estate is truly local so I suspect there are pockets where improvement will be noticeable.
Go to www.patchworknation.org and you will get a good picture of the foreclosure situation even within a state by districts. This will probably give you an idea as to which areas will climb out faster.
Real estate is truly local so I suspect there are pockets where improvement will be noticeable.
Go to www.patchworknation.org and you will get a good picture of the foreclosure situation even within a state by districts. This will probably give you an idea as to which areas will climb out faster.
- Arpad Racz, "aracz"
- Contributions:206
Hi Thomas,
I try to look at Days on Market and dollar per sq. ft. living area as a start to reading the market trends, and then look back a few months to see what has been happening.
All the best,
Arpad
I try to look at Days on Market and dollar per sq. ft. living area as a start to reading the market trends, and then look back a few months to see what has been happening.
All the best,
Arpad
- Dan, "the_country_hick"
- Contributions:4694
1/4 of all sales are now foreclosures nationwide.
That does not sound good for future values.
That does not sound good for future values.
Do You Think The Housing Market Is Picking Up?
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- 5.0/5.0
- (1 review)
Contributions:116What are your thoughts on our local market?
Thomas Robinson
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