2006-08-20 01:49:33 · 7 answers · asked by sruly m 1 in Business & Finance ➔ Renting & Real Estate
After the crash, when the market starts to turn around and climb again, I think that a seller's market is definately possible. That will take time though. All the inventory of low priced homes will have to be absorbed. As buyers see the market start to climb, they often times will try to buy quickly in order to avoid paying an even higher price.
2006-08-20 04:36:22 · answer #1 · answered by clueless 3 · 0⤊ 0⤋
Bubble Trouble?
There is not a bubble in the sellers market.
Fear. The media feeds on it and relies on its effects to boost their ratings and keep us tuned-in. The myth of the so-called "housing bubble" is no exception -- it is a media-created fear tactic that negatively affects how many individuals perceive the housing industry.
May I explain?
The Housing Market is not like the Stock Market. In the last decade stocks up 150% housing 100% growth does not mean bubble.
If you sell a stock do you have to buy another one? No.
But if you sell your home, where are you going to live?
Rent? Not likely.
The media likes to say that more homes are on the market than 50 years ago, but there's more population and homes in general than 50 years ago.
Pace of home sales in actually the important number, and the average pace turn time on inventory is 6 months.
If your home has been on the market and has not sold, there's a FREE report you can access at :
http://www.freerealestatesecretssoutherncalifornia.com/didnt_sell.aspx
Keep your eye on the existing home sales report which comes out monthly.
Unemployment in the U.S. is currently 5% which is very healthy.
Healthy job market = Healthy housing market.
Watch local job market to gauge health of your local housing market.
Keep your eyes open and watch the right indicators. Don't let the media scare you. Might there be a few local markets that are the exception, Yes.
But those are going to be rare.
2006-08-20 22:21:18 · answer #2 · answered by Darren Meade 2 · 0⤊ 0⤋
I don't think you understand the terms, "Sellers Market" and "Buyer's Market".
It has to do with supply and demand. When the supply is low and the demand is high... it's a SELLERS market... like the housing bubble... but when the supply is HIGH and the demand is LOW... it's a BUYER'S market because of the oversupply fewer people are buying.
2006-08-20 02:42:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Don't you mean a buyer's market?
If there is a crash, sellers will not be able to sell at the prices they want, so they'll have to lower their prices. Buyers will just sit around and wait until prices go down, so the buyers will be in charge.
2006-08-20 02:05:23 · answer #4 · answered by Pandak 5 · 0⤊ 0⤋
Unfortunately, No ... just the opposite, it will be a Buyers market, but check your area, it may already by a buyers market over there.
Antal
Surefast Mortgage
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2006-08-22 11:06:40 · answer #5 · answered by Antal T 2 · 0⤊ 0⤋
No it will be a buyers market, house values will be much lower, the market will have Many, Many, repos, as interest rates rise more and more people will unable to make their mortgage payments!
2006-08-20 01:57:25 · answer #6 · answered by Pobept 6 · 0⤊ 0⤋
not likely
2006-08-20 04:46:23 · answer #7 · answered by vitriol for the masses 3 · 0⤊ 0⤋