2007-06-08 16:05:54 · 8 answers · asked by Alex J 3 in Business & Finance ➔ Renting & Real Estate
It depends on where you live. Every real estate market is different in the U.S.A.
2007-06-08 16:36:10 · answer #1 · answered by Lacey G 3 · 0⤊ 0⤋
Every market at any given time is both a buyer's and seller's market.
This depends on your goals if you are a buyer or seller. Every market has eager buyers for a rightly priced and located property and every market has motivated sellers who must get their property sold as soon as possible.
If you are looking at investment property, for example, you may have to look at 50 properties to find that one motivated seller or rightly priced and located property.
Of course, another key factor is supply and demand which can depress a market or boom a market.
Not a simple answer, eh?
Jim DeSantis
2007-06-08 23:20:23 · answer #2 · answered by Anonymous · 0⤊ 1⤋
It's a buyer's market but seller's still think it's a seller's market:-)
Terry S.
http://www.Welcome2Arizona.com
2007-06-10 23:28:32 · answer #3 · answered by Terry S 5 · 0⤊ 0⤋
Its a slight buyers market here (DC area), but seems to be transitioning into a deep buyers market - except maybe at teh low end, 50/50 there.
2007-06-08 23:14:29 · answer #4 · answered by Slumlord 7 · 0⤊ 0⤋
It is now a Buyer's market!
The bubble has blown
2007-06-08 23:27:31 · answer #5 · answered by Anonymous · 0⤊ 1⤋
I don't think it's either! In our area there just aren't any Buyer's who are ready to buy! Either they can't get a mortgage or they too have a home to sell! It's really a strange situation.
2007-06-09 00:53:25 · answer #6 · answered by ursaitaliano70 7 · 0⤊ 0⤋
a banks market there are a million short sales right now and they are dominating california's market! along with all the mikeferry agents! go mfo!
2007-06-09 00:46:47 · answer #7 · answered by jmilil 3 · 0⤊ 0⤋
maybe both
2007-06-08 23:10:51 · answer #8 · answered by Jaylene C 2 · 0⤊ 0⤋