10 signs the Real Estate Has Bottomed Out

By
Services for Real Estate Pros with http://4114Info.com

I picked this up by Yahoo! Search but thought it was pretty good! It's from HousingPredictor.com.

 

How many of these are coming true now? 

 

1-
The inventory of listings is reducing as properties come off the market, especially those over priced places that have been sitting on the market rotting. Noticing fewer for sale signs in that neighborhood you’re interested in buying a home or condo in these days?
 
 
 
 
   
  2- The Mass Media spurs interest with talk of a bottom. Newspapers and
  television reporters speculate and ask the experts if a bottom is occurring
  like it’s a national real estate market trend when all markets have their
  own local bottoms and are scattered over time.
    
  3-
Sales volume begins to pick up, slowly at first as pent up buyer demand results in more showings.
 
    
  4- People are less fearful of the market.
    
  5-
People begin to talk about how much money there is to be made investing in real estate again.
 
    
  6- Increasing telephone calls to realty offices on listings and for sale by
   owners.
    
  7-
The Fed finishes tinkering with interest rates at least for a while, trying to get a handle on how the markets are moving.
 
    
  8-
People commonly talk about the bottom occurring like it’s a thing of the past with increasing consumer confidence.
 
    
  9- Prices finally seem to stop dropping.
    
10- Financing becomes easier to obtain.

Posted by

Stephen Wigg

Webmaster - 4114Info.com

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Rainer
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Scott Beigh
Connect Realty - Tacoma, WA

Thanks for posting this....I have a client that may need to read it :)

Scot

March 18, 2009 05:46 PM #1
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