When will real estate turn around?
Real estate will turn around, when you don’t hear or see saying anything about when it will turn around. When everyone has given up hope, then it will have bottomed out. You haven’t seen anything like that yet. If someone tells you now is the time to get in, they are looking to sell you something or justify their decision.
I can’t believe I’ve had this same conversation three times in the past three days. Stay away from real estate. It’s too early to buy.
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4 opinions for When will real estate turn around?
Mireya Agnoli
Dec 3, 2007 at 6:55 pm
I am a certified land planner, have a real estate license, and a CAM license, and I totally disagree with you I think now is the time to buy. Why; because you have a large inventory to choose from and sellers are anxious to make a deal - as the seaso progresses in Naples, Florida inventory will be reduced and you will not have the same amount of real estate to choose from -
Shirley Husar
Feb 2, 2008 at 6:00 pm
I’m a realtor in California.
My mentor Mike Ferry always said” it’s about price and motivation. Now is the time for the motivators. I know this is a long shot . Yet there are those lenders who will rise to the occasion and shine above the rest. This deal will take some creative structure, critical thinkers are wanted, and need to work in a market like this.
If I fail, at less my team gave it a %125 and more. I’m looking for the lender who will work hard and out of the box. Not winning and giving lecture of the present condition, we all already know about the situation the market is in today. I ‘m aware of the risk, the time and energy.
Yet, I’m willing to succeed in dealing with a difficult situation. Yet the California real estate market will be the state that will bring our country out of the recession. California Transformers are wanted. Our market is standing strong in some parts of the state and in time others will follow.
So ……if there is a lender or an investor who wants to go for it like me and take advantage of making real money which requires real work. That is the esteemed colleague I’m looking for that autobot fighter. This is not the market of the slam dunk deals. It is for the hard working who push and push the envelope, out of the box.
I want a lender who will not quit. That is the tag team mate autobot lender I’m looking for. he/she who will certainly rise to the occasion. If your are not this lender just don’t waste my time (tin’e).
Husar
Shirley
Shirley Husar
Feb 2, 2008 at 6:01 pm
For those of us who have hope in this market. We must use with ever they give up. Take the bone and run with it. A hard working leader does not give up hope, they add to the changing market, to create a true transforming market. The state of California is the strongest leader in this country when it come to the real estate Market and when it come to economic growth. Cali’e all start the ball rolling , and own the ball. I agree this plan will not save the lending market totally. Yet It is a start. Lenders must understand, you must think out of the box, to change the box, of problems we are all encountering in today’s market.
Why the housing market will pick up in the spring in cities and neighborhoods with low foreclosure activity. With the media spinning every worse case scenario for sub-prime and alt-A foreclosures and monitoring housing price drops monthly, the consumer has been spooked. Nobody buys when waiting for the other shoe to drop. However, most of the inventory overhang is concentrated in certain areas hit by sub-prime loan activity… unfortunately, the light at the end of this tunnel will come soon, American will fight to bring it back..
The housing market will turn around on a change in consumer perception. Three things will happen: 1) lower interest rates will stimulate demand for housing stock not affected by sub-prime, 2) lenders will start lending again, after all it is their business model (now, it’s harder for consumers to qualify for loans due to problems with the credit market, not their individual credit quality) you must get creative very creative~~~package you deal well, and 3) pent up buyer demand, structure them well close the deal and get paid! Move the ball.
The real estate market will continue to decline for the next 8 to 18months in some areas yet , the million +++ areas will stand and hold strong. We’re in a long term down trend and the housing market takes long to turn around. Yet, Its up to all of us to push to get these loan closes for our buyer and seller.
Tom H
May 13, 2008 at 6:24 pm
We handle Billions of dollars in REO’s that we sell off through Realtors & to Investment Groups.
We see the market will wash out the over load of single family houses in 70% of USA markets & will Turnaround by Spring 2009, the remaining 30% of USA Markets will clear up approx 6 months later.
The inside tracking from Wall Street to Pennsylvania Ave to Beverly Hills. Our data service companies allows us to track Home sales daily nationwide. For a greater than 30 year ride of Turnarounds & rebounds which has changed the market from the blues to Gold.
Enjoy the future Turnaround Profits & buy your Lady something nice today.
Thomas Hern
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