What's Going to Happen in Our Market in the Next 6 Months?
How about some bookmark love? ::
Lately friends and clients are are at it again, asking in droves when the real estate market will turn.
The most asked question is what will happen in the next 6 months?
Still tons of inventory.
Still tons of sideline buyers.
The leading indicator is how many loans have been funded. The key is to listen to the local lenders and when they say that closed loans are on the upswing, then it is time to buy. Until then, buy the good deals where they exist.
The long view from wall street is that the real estate market wont normalize for 2 more years possibly. I can assure you that I will buy again before that happens.
In the meantime, it is almost time for the Carnival of Real Estate over here at the Laguna Niguel Real Estate Blog, so get your submissions in because the carnival goes live on the 17th.
Lately friends and clients are are at it again, asking in droves when the real estate market will turn.
The most asked question is what will happen in the next 6 months?
Still tons of inventory.
Still tons of sideline buyers.
The leading indicator is how many loans have been funded. The key is to listen to the local lenders and when they say that closed loans are on the upswing, then it is time to buy. Until then, buy the good deals where they exist.
The long view from wall street is that the real estate market wont normalize for 2 more years possibly. I can assure you that I will buy again before that happens.
In the meantime, it is almost time for the Carnival of Real Estate over here at the Laguna Niguel Real Estate Blog, so get your submissions in because the carnival goes live on the 17th.
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timandjulieharris.com
Very interesting to read about this area here. I'm always fascinated to read of new places and to see the ways that people view their community. It's extraordinarily important for the real estate professional to have a sense of these things; can you think of 5 other things that are important to success in this market?
Posted by
Tim Harris |
7:22 AM