As the Market Turns By Realtors in Black
One thing we have learned in over 30 years selling local real estate is history repeats itself. Are we starting to see some of the same signs from the pre-crisis days? Interest rates are and have been at an all-time low. Combine that with low inventory, overpricing and unaffordability. It all seems too familiar.
Some Realtors will tell you that we are “booming”. However, the market is less vibrant than a year ago. Sure, some well-priced homes in good condition sell in a week or less. Are homes prices slowing? They are up 9% in the last 12 months, far below the 20% increases that were so common in 2013 and 2014.
The limited number of properties on the market merged with the local economy tells you that the market has stabilized. Change is inevitably coming, with this year’s election, shadow inventory and HELOC’s coming due, who knows where we are heading.
We do know, interest rates are going up. We do know, the high end market has already slowed. We do know, foreclosure filings have been at the lowest since 2006. We do know hedge market funds have purchased low and will be selling high. Soon the diminished number of distressed properties won’t be so diminished.
So where does that leave the seller? Just like we learned in business 101, it is all about supply and demand. Will 2017 be a Buyer’s Market.Yes,it will be buyers market only with the help of experts from we buy houses in Jacksonville.
As a real estate marketer, it is important to stay informed and aware of the current market trends and conditions. Keeping up with these changes and understanding the needs of both buyers and sellers is crucial in providing effective services to clients. It is important to be proactive and adaptable in order to provide the best possible experience for both parties involved in the real estate transaction. By working closely with clients, understanding their needs and expectations, and utilizing innovative marketing techniques, real estate marketers can help buyers and sellers navigate the market successfully. If you want to stay ahead in the ever-changing world of real estate, see for yourself how staying informed and adapting to change can help you provide better services to your clients. You can look for a trusted real estate agent like 1 Condo Canada, which can offer the best deals for their clients.
