27May
79 Offers! The Market is Moving
Posted by JimI am getting a bit tired of losing out trying to buy homes for clients that are priced under $500,000. I suspect people are finally getting some confidence in their own personal economies. At some point there will be a consensus that the market has bottomed and then we should see a return to a better marketplace. And by a better marketplace I am not thinking of any meaningful appreciation but rather a return to a normal marketplace not dominated by distressed and bank sales. Appreciation is a given from that point(from when the price levels stabilize), but the rate should remain in single digits for at least the next five to seven years.
