Are things really as bad as they seem?
Are things really as bad as they seem? I guess it depends on who you talk to. All we hear in the media today is that real estate sales are down, listing inventories are up and prices are falling. Oh yeah, where are the buyers? Well, the media would like us to believe that the real estate market is failing. Not so much. Although things are down for most areas of the United States a lot of this is caused by negative headlines creating a fear to both buyers and sellers.
If you are a buyer and all you hear is real estate prices are going down, why would you want to invest your money there? As a seller, you hear prices are falling and you think why sell if I'm going to lose money. This only exacerbates the problem and makes the predictions come true.
First time home buyers will never go away. Those buyers add to their family and they become move up buyers and a seller. There are also those people forced to move due to a change in life or job. The main area of slowing sales are those people moving to a larger or more luxurious home just because they can.
Real estate is still a great investment in most areas of the US. Those people that lived through the 70's and 80's real estate market know that this too will change.
If you find yourself in need of a real estate professional that can help you find your dream home or sell that property in the least amount of time for the most money with the least hassle, call The Melinda Duncan Team at 859-422-2035 or email us at melinda@melindaduncan.com.



