This is another insightful slide about the market from the Cromford Report. Notice the little yellow highlights. They show how the seller’s market has weakened at those two points since the great recession, but how they started back up again within a couple months. 

This means that when this market change happens, it will happen quickly. 

What does that mean for you?

BUYERS: Get your financing in order. As we will discover in tomorrow’s post,  a re-balanced market could happen within a month or so. You are in a great place to start looking. Choose only the best home for you and don’t be afraid to haggle.

SELLERS: This one is tough for you. If you wait, prices could come down. This reminds us of the old saying about investing, “you’ll never know where the highest and lowest points are, but if you are pretty close, you are doing well.” 

Real estate is not the stock market. You need a home and you need to respond to what life gives you. So, to be ready, do those improvements and make the house really shine. Stand out from the others!

For more analysis, call us at 602-456-9388.