We are in a DOWN Market Myth.
Whether you are a buyer or seller in this housing era, you perhaps are overwhelmed and scared on making a decision regarding your situation about your current or future home. Just like all of us waking up in the morning and hearing all the media description of how horrible the Real Estate market is, which to me is missing a lot of facts.
So I pose this question? Are we truly in a down Market? I really don't believe we are in a down market. I like to call it a SHIFTING or CORRECTING market. See to me, "down" is associated with "bad" and I do not see this as a "bad" market. Houses are still being bought and sold. But for many years we have been in a market where the supply of homes was low and demand for homes was high. This along with easy-to-qualify mortgage loans caused the market to lean heavily in favor of Sellers.
However there are fewer loans and more homes available than even this time last year. In many places there are even fewer buyers and some areas are even seeing property depreciation. Yes. This all looks a bit daunting ... or a LOT daunting.
Whether you are a buyer or seller in this housing era, you perhaps are overwhelmed and scared on making a decision regarding your situation about your current or future home. Just like all of us waking up in the morning and hearing all the media description of how horrible the Real Estate market is, which to me is missing a lot of facts.
So I pose this question? Are we truly in a down Market? I really don't believe we are in a down market. I like to call it a SHIFTING or CORRECTING market. See to me, "down" is associated with "bad" and I do not see this as a "bad" market. Houses are still being bought and sold. But for many years we have been in a market where the supply of homes was low and demand for homes was high. This along with easy-to-qualify mortgage loans caused the market to lean heavily in favor of Sellers.
However there are fewer loans and more homes available than even this time last year. In many places there are even fewer buyers and some areas are even seeing property depreciation. Yes. This all looks a bit daunting ... or a LOT daunting.
The Real Estate Market to me should be regarded as a local market. I am here to tell you that in lane County things are still very good. Please take a few minutes to check out the Real Estate Outlook Video. You will find great information Regarding this issue From an independents source.
Take the time to investigate and become familiar with the process. If you or any of your friends or family are considering buying or selling their home and would like more information please feel free to contact me.
If you liked the information provided in this Blog and would like more information in a more timely manner. Please visit my website at
There you will find an array of useful information about selling and purchasing Real Estate.
Your Liftime Real Estate Consultant.
1 comment:
Ruben Great job, this informatin was very helfull to me. I appreciate your time and all your professionalism.
Thanks.
Sam
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