How to Tell When The Real Estate Market Has Hit Bottom

By
Real Estate Broker with http://www.CapeGroup.com & http://www.REindex.com 9023635

The simple answer is: Read what the people with money are reading. Follow what the people with money are doing.

The bottom of a real estate market is usually apparent only when things are already headed back up. Because the data reporting is for closed transactions, there is a lot of activity occuring before the supporting data can be identified. By the time most people can identify the bottom, the swing has already happened.

There is an article in Saturday's Wall Street journal titled, " It It Time To Buy? " In the article, RUTH SIMON and JESSICA SILVER-GREENBERG write about the indicators that are showing that the ever nebulous bottom is here or at least very very near. They include facts like interest rates being at a 50 year low, and how reporting of national distressed sales are skewing the data for stronger local real estate markets.

It seems that those in the know, always know when to buy. And, real estate pros know that you make your money in real estate when you buy - not when you sell. If those in the know are starting to buy again, because they know the data is starting to indicate a bottom, then those who are watching them and reading what they are reading are going to do the same. The Internet provides so much more information than just pictures of houses. If you are waiting for someone to tell you where the bottom is, you will miss it.

Once the tide has started to change, you need to act. If you buy at the beginning, you will be one of the ones saying, "I bought at the right time." Buy now and avoid the rush. Be one of the smiling leaders, rather than one of the wishing followers. Once rates and prices start rising again, there will be a lot of, "I wish I'd known."

Happy Buying!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Massachusetts Barnstable County
Groups:
Luxury • Waterfront • Estates
Positive Real Estate News
Real Estate Trends
Realtors®
USA Realtors
Tags:
real estate future
how to tell
real estate
cape cod real estate
mortgages
buying
when to buy

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
375,310

Associate Broker Falmouth MA Cape Cod Heath Coker

Heath Coker Robert Paul Properties
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

National/Local real estate topics, Cape Cod and the Internet. Cape Cod real estate company; and a national real estate web site REindex.com, The Site Engine® for other listing agents/brokers at no cost to them. I make a living listing and selling real estate on Cape Cod.

Enter your email to receive future articles:

Delivered by FeedBurner

Technorati Profile