2006-10-30 06:26:15 · 7 answers · asked by Red98 2 in Business & Finance ➔ Renting & Real Estate
Is not the news self evident?? Heck just look at all the question about foreclose, do you not think they did not try and sell but was so upside down they could not even get out of there mess. Read this a dump now and do try to get greedy just be glad to sell if you have to.
http://www.breakingbubble.com/index.htm
You turn down a low offer today you will wish latter you did not.
2006-10-30 14:27:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Many homeowners opted to go into ARM products on their mortgages. With the housing market cooling and the rates increasing, in about a year from now your gonna see many people selling their homes to do their payment going up and also lack of equity in their homes. People got into these loans becasue they were the lowest payments on the market at the time and people love to live out of their means. You could of had a 400,000 dollar home with payments of 1500. Now when there 2 years is up , their rate will jump up as will there payments. They wont be able to refinance due to high DTI or lack of equity. So in short it will definatley be a buyers market. But i dont feel it will be too long until it reverszes and goes back to a sellers market. So you might have to hold on to your property a ltttle longer but i think a good 5 years and you could see a sellers market once again.
2006-10-30 15:05:08 · answer #2 · answered by ttothej4343 1 · 0⤊ 0⤋
It's hard to know which way the trend is going until it arrives. You go to bed in a Seller's Market, and wake up and see that half of your neighborhood is for sale, meaning it just became a Buyer's Market. To say "it will be a X type of market next year" would be about as certain as a color bet on a roulette wheel.
I can tell you this, though. Until that border fence is built, our population is going to keep growing, that can only exert upward pressure on prices. Whether that means a Seller's Market or a Buyer's depends on whether the prices go up as fast as the Sellers expect or not.
2006-10-30 14:50:05 · answer #3 · answered by open4one 7 · 0⤊ 0⤋
There's no way to answer that question generally. It all depends on the market that you're talking about. Some areas will be overbuilt, others will have a shortage of housing. In general, though, they aren't making any more real estate, so the market overall should strengthen again shortly.
2006-10-30 14:35:10 · answer #4 · answered by Jimmy Crack Corn 2 · 0⤊ 0⤋
you won't see a sellers market for a very long time.... I would have to say that the " hay day " is over... Rates will increasingly go up.. Forclosures will come, and more real estate than ever will be available. It will be a buyers market - the writing is on the wall
2006-10-30 14:37:34 · answer #5 · answered by J S 2 · 0⤊ 1⤋
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Other real estate sites are also noted below:
http://www.brokerforyou.com/brokerforyou
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
http://www.san-diego-for-sale-by-owner.com
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://www.brokerforyou.com/san-diego-real-estate-sales.html
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com
2006-11-01 02:28:57 · answer #6 · answered by Anonymous · 0⤊ 0⤋
what going to be so good about next year?
2006-10-30 14:37:13 · answer #7 · answered by Ellen J 2 · 0⤊ 1⤋