Discover The Secrets That Catapulted an Average Real Estate Agent working 24/7 Selling 20 - 24 homes a year to Selling 100+ Homes a Year and Working 3 ½ Days a Week WITHOUT Expensive Advertising, Reduced Commissions or  Crazy Gimmicks!
  • Sell 100 Homes Home Page
  • Sell 100 Homes Blog Page

Is Real Estate REALLY Coming Back?

2/16/2014

0 Comments

 
I'd really like to hear your thoughts and comments.  Please let me hear from you with what's selling in your market, what's sitting, what's the price range that's getting the most activity, whatever you can share.

I personally don't believe all the hype the media continues to feed us.  The majority of home sales are still cash sales which typically means investors.  If you are in Real Estate Sales, then you are probably seeing a shrinking inventory as bank foreclosures are disappearing from the market and homes that have had a considerable amount of rehab / improvement are generating alot of activity.  The upper end homes in every market are still selling well, however the starter home market appears to be really slow (unless it's priced below market and has a ton of features and amenities that the competition doesn't offer).  The move-up / second home market is moving ok, but nothing stellar to report in that market segment as I see it.  

New construction is a market all to itself it would appear.  Most new construction is selling well, but I believe builders should be a bit more cautious than they seem to be.  As a group, builders are an extremely optimistic bunch.  They see the market as getting stronger almost daily.  As someone who's been in the business since 1981, I would be a bit more cautious.  I would build no spec homes, take larger amounts down before beginning and do whatever I could to ensure I don't get too many new home starts going at one time.  

I believe we will see a bit more of an uptick, but then I see a bit of a lull in the market across the board, all price ranges and all markets, that will last for a few year.  The Real Estate Agents that survive and thrive during this period of time will have to have been training, better skills and a laser like focus on the fundamentals to succeed.

Just my two cents.  I'd really like to hear your thoughts...
0 Comments



Leave a Reply.

    Author

    I sold 100+ homes for 6 years in a row while working 3 1/2 days a week.

    Archives

    February 2015
    August 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    September 2013
    August 2013
    July 2013

    Categories

    All
    Coaching
    Efficiency
    Goals
    Mastermind
    Mentoring
    Real Estate
    Real Estate Agent
    Real Estate Agent Training
    Real Estate Agent Training
    Real Estate Coaching
    Real Estate Coaching
    Real Estate System
    Real Estate System
    Sell Homes
    Sell Homes

    RSS Feed


Powered by Create your own unique website with customizable templates.