With all the media hype on the Housing recovery - what will sellers believe?
- Your local news hype or an agent armed with this
factual report?
The following report shows the true escalation of prices over time and in my
opinion negates a lot of the hysteria starting to build.
As someone that does builder business, Realtor business and past client
refinances, I appreciate some positive news especially now. However, what I do
need to remind my agent partners and cleints of is that we are still not out of
the woods. With prices forced up by cash, and investment groups - these prices
are forcing buyers out of the market, and infact demand is down for homes by
traditional home buyers compared to previous years and that short fall in
consumer demand is being compensated by cash investors.
What I am fearful of is, what happens when the investment groups release
their inventory down the road will there be pent up demand left or will buyers
have moved into the fastest growing sector building right now multifamily and
rentals?
Lots of questions raised, love to get your feedback. But do enjoy the
attached report.
2013 Housing Performance
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Listings
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Links
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Archives
I too am concerned with the run up in prices caused by the cash investors. Although it's nice to have apprisals bumping up some. In my area, most people can still own a home for payments below rent, but the lack of employment opportunities are making it difficult for buyers to qualify.