| Pub Date: 6/2/2008 2:51:27 PM | | | The national real estate market remains under a lot of pressure, inventory is high and tighter lending practices are delaying the stabilization of this sector. We all assume that when prices drop to a point where buyers think it represents a deal, they will come back and buy again. The problem is that many of the markets that have experienced steep price drops are still a long way from recovery. The big question is how low will real estate go? That answers mainly depends on when the market will stabilize. By a stabilized market, I mean that the supply and demand are equal so the inventory does not increase at the pace it is now. It also means that buyers are willing to come back to the market and purchase property again. The sharper the prices fall, the more likely buyers are going to stay out and wait for a bottom. Economy factors such as job growth or loss, availability, and cost of credit will highly dictate when this real estate market will begin to turn around. If you happen to be searching for a home, we can help you find great deals. By taking out the middle man (the real estate agent), you are able to save thousands on commission by buying or selling a home By Owner. Visit us at www.byownerhomes.com or call us today at 1.888.333.9004. | |  | | Subscribe to this blog |
|