I am an Agent , I am trying to make money in realistate but it is very difficult,lots of peop;e are selling but no one is buying...Will it get better??
2006-07-07 06:22:08 · 4 answers · asked by destany1111 1 in Business & Finance ➔ Renting & Real Estate
Real estate runs in cycles. It tends to get extrememly overvalued, and then rational thinking pushes prices down until it gets undervalued, and then its back up again. These cycles are fueled by changes in demographics, interest rates and the general economy. But they are always there.
Current prices will start coming down as the underlying value of real estate gets more in line with the price. Give it three or four years and it will start bottoming out and then rebounding as people see bargains and begin bidding up prices again.
The stock market works the same way -- overvalued then undervalued -- but because stocks are more readily traded the cycles tend to be shorter.
2006-07-07 06:29:31 · answer #1 · answered by DR 5 · 1⤊ 0⤋
The real estate market will never "crash" in the traditional sense of the word. Real estate will always gain in value over the long term. Times can certainly get slow for real estate agents since the long term does not pay well commission wise.
2006-07-07 13:51:08 · answer #2 · answered by jimmy dean 3 · 0⤊ 0⤋
I also am an Agent and what I've found is that if the property is priced right, then it will sell. Sellers have not got that message yet, there are plenty of buyers out there, just not any for overpriced property.
2006-07-07 14:05:25 · answer #3 · answered by mommamojomuppet 1 · 0⤊ 0⤋
the baby boomers ruined everything
2006-07-07 13:25:42 · answer #4 · answered by Mike Z 2 · 0⤊ 0⤋