The Real Estate Market|What's Driving It These Days?

Nice analysis Lisa !

... I speak the same words, and TRULY BELIEVE THEM ... Now is a GREAT time to buy !!!!

Cheers !

Sheldon

Lisa - Well written and timely information.Very interesting analogy from a 2 years ago blog.

Hi Sheldon,

You betcha it is and we have to spread the word before it's too late and the market swings back in the opposite direction.

Hi Bob,

Well it's pretty hard not to see the change from 2007' but this is living proof!

The best time to buy is always when it's right for the buyers!  They have to be the judge of their situations and motivations.

Hi Tamara,

That's the truth but if you're thinking of buying there has never been a better time!

No question about it, decent inventories (ours isn't too high at the moment), great interest rates and motivated sellers.  What more could a buyer ask for?

We thought things were tough in the late '70s-- interest rates in the high teens, high unemployment, and people still bought and sold homes. I admit, it's not a comfortable time economically now. But we've had rough times before.

Enjoyed your two year review and hope the next two years are better than the last two. Thanks.

no matter what's going in the market, the bottomline is that homes need to be sold, i might as well be the one that's selling them.

Foreclosures are driving my market area and they are here in groves buying.  Great time to buy a beach property at 2003 prices.  Market is very busy here locally. 

Hi Wayne,

Thanks for stopping by and you are very wise and true.

Hi Jaime,

That's the spirit!

Hi Kelly,

That's great to hear.  That's a good way to put it - Buy now at 2003 prices.

In Denver inventory is down from historic and traditional levels.

Yes ultimately price drives property sales. I think a lot of buyers will start itching to start thinking about buying since all media talks about are what a bargain to buy now.

Cheers,
Cindy

That's a positive attitude, which is good to experience especially during these times. Whether it's a good time to buy a home depends on the consumers confidence, whether they need a home and have financial qualifications.

Thanks and best wishes. Harrison

It sounds like many of the same things effect the market through the years even with the changes.  It's a buyers' market, but many things effect the choices the buyers are making.

Prices are great, rates are great and there are still financing programs out there (of course, less than before and with higher qualifciations).  So what is the problem?  The job market. 

As you mentioned, its all about the consumers and demand... and the only issue we are seeing is people waiting on the sidelines.  Too many people are worried about losing their jobs to make long term commitments.  Hopefully, if we see some economic stability and job growth this year they will jump into the market and take advantage of the prices/rates.

Hi Roland,

Amen and let's keep thinking positive thoughts for the Spring market.

Now is a great time to buy.  In order to make that happen successfully we need more consumer confidence and slightly more relaxed lending guidelines from the banks.  Even with all these great deals it can be tough to get a deal to close.

Hi Marian,

We're all feeling it right now but with Spring around the corner, we're all hoping that better days are comin'.