Real estate 2009 Buyers' Market housing trends and predictors are front and center. Whether you live, 
as I do, in beautiful Asheville, N.C. or Anywhere, USA,difficult days in the housing market can affect your mood in an unpleasant way. So I've been looking for a bright spot in the woods? (see photo from my own back yard).
Questions are:
1): Can appreciation happen in the housing market, when some economists expect a further drop of 10% to 20% in housing prices nationally over the next year?
2) How much is the Economic Recovery Package going to cost the average taxpayer/buyer/seller of property.
At this level, the vitality of the real estate market gets personal.
Let's say the housing market recovers in the next 12 to 18 months, then the value of mortgage-backed securities could rise, and the tab the Economic Recovery Package for those on "Main Street " could be reduced.
For what it's worth, Wellesley economics professor Karl Case who for the last 25 years, has focused his research on real estate markets and prices, points out that " Home prices have to do with the scarcity of land and perception of that scarcity." There is only so much land, so maybe that's a "good sign"?
Real Estate Market Predictors and Remedies : What We DO Know
Possibly the best remedy is to keep a good-eye on what we do know...and, in particular, what we know about Buyers in the 2009 Buyers' Market.
•1) 80+% of Buyers begin their search online
•2) They seek information about property buying and investment issues, mortgages and listings
•3) They are very interested in Trends and "Green" Innovation
•4) More and more, they want to have neighborhood details
As real estate professionals, most of us have attended to #1 and #2. Recently, while myself investigating real estate market trends, (as per #3 above) I found an interesting site called Housing Predictor http://www.housingpredictor.com/ that provides independent real estate market forecasts.
To find out the details of that discovery for yourself, check out that link.... Let me know what YOU think! And stay tuned for Part II tomorrow.
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(*)/'(*) .......... ............and always remember that " poets are soldiers that liberate words from the steadfast possession of definition." -Eli Khamarov ....... We are in a sustainable world, so grab hold of your Muse... dream that world... and make it happen!. ......................... .............
Real Estate Market Housing Predictors 2009 Buyers' Market. Part I. The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants! Copyright © 2008 All Rights Reserved
As real estate professionals, most of us have attended to #1 and #2. Recently, while myself investigating real estate market trends, (as per #3 above) I found an interesting site called Housing Predictor http://www.housingpredictor.com/ that provides independent real estate market forecasts.