Yesterday The Standard and Poor’s Case-Shiller released their home price index that showed a decrease in home values…a huge decrease.
Today, the National Association of Realtors released data indicating an increase in home SALES. So, don’t be confused. Standard and Poor’s Case-
Shiller tracks home values and the NARs report tracks home sales.
What can we take from this information?
Both reports agree that the homes that are selling are distressed homes and the buyers who are buying are real estate investors.
If the real estate market is so bad, why are real estate investors buying in Kansas City?
I mean investors are in the business of making money off of their investments, if the real estate market is so bad, why investors buying?
Kansas City real estate investors know the truth. You can buy some real bargains right now. Buy low, sell high, right?
In some areas 85% of the real estate sales are by investors. Does that make sense if the market is so bad?
In other areas over 50% of the sales are done with cash. Cash, who has cash? The real estate investors laughing all of the way to the bank while move-up buyers and first time home buyers keep on waiting for better deals.
In this market investors are not getting hung up on pricing and how much they can get off of list price. They’re looking at value and how much they can buy under fair market value.
If you would like to find a bargain, lets talk . . .
Today, the National Association of Realtors released data indicating an increase in home SALES. So, don’t be confused. Standard and Poor’s Case-
Shiller tracks home values and the NARs report tracks home sales.
What can we take from this information?
Both reports agree that the homes that are selling are distressed homes and the buyers who are buying are real estate investors.
If the real estate market is so bad, why are real estate investors buying in Kansas City?
I mean investors are in the business of making money off of their investments, if the real estate market is so bad, why investors buying?
Kansas City real estate investors know the truth. You can buy some real bargains right now. Buy low, sell high, right?
In some areas 85% of the real estate sales are by investors. Does that make sense if the market is so bad?
In other areas over 50% of the sales are done with cash. Cash, who has cash? The real estate investors laughing all of the way to the bank while move-up buyers and first time home buyers keep on waiting for better deals.
In this market investors are not getting hung up on pricing and how much they can get off of list price. They’re looking at value and how much they can buy under fair market value.
If you would like to find a bargain, lets talk . . .
RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?
Let us know what you think or add to our blog by writing a comment. Do you have a real estate question for the Real Estate Wizards? Email us at RealEstateWizard@DowellTaggart.com
Blog post written by the Dowell Taggart Team of RE/MAX Best Associates
Go to our Kansas City Real Estate Website!
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