IS THE MARKET CRASHING? No! We Got Spoiled

Last evening, I went out to dinner with friends and of course the main topic was...Real Estate. All of a sudden, there are millions of vouyers reading, googling and watching any and every TV show that has to do with real estate. What’s selling? What’s not selling? How can I sell my house? Did you hear that? Sold their home in Malibu? Is the market slowing down?
My answer to all of this... "HUB BUB!" The market has (over the history of time) had a pretty predictable trend. Currently, the trend has lasted longer than most. However, it is not crashing by ANY means. I call this a time of balance. The prices across the country are outrageous!
There are a bazillion realtors in the market place (I know that there is no such word a bazillion). However, that explains the multitude of realtors attempting to make it in this industry. Now, unfortunately, they are running around, with nothing to do, and complaining that the market is slow. A lot of whom, thought it was an easy way to make a buck. I am here to tell you...it is not.
However, the saturation of realtors is giving a false sense of slowing down and the media is not being too kind either. It is as if the media is trying to create a crash; with the bad press and not so accurate reports on the market. In the same sense, it is giving buyers the false courage to wait. Unfortunately, sometimes causing them to lose their dream homes, by NOT going for it!
With all of the properties on the market, there is only a few and possibly only one that will make your toes tingle...that is when you need to just, go for it! Real estate is always a sound investment. You may have to hold on to it and ride the wave. However, unless you purchase a home near a dump site…the value should come back and usually exceed your investment.
That being said…No! The market is NOT crashing! We just got a bit spoiled with properties selling in 1 week. Now they are selling in 30 days. We are still experiencing multiple offers which is a very good sign that it hasn’t become a, buyers market yet. For the properties sitting longer than 60 days, it is most likely priced incorrectly or not being exposed to the right buyer.

Keep informed and share my blog with a friend…Michele.