Billionaire Warren Buffett believes the real estate market like the one on Kansas City will rebound this year. What do current home buyers and home seller think about the real estate market?
Billionaire Warren Buffett believes that the housing market will rebound this year. Signs of the housing improvement include the existing home sale rose in January for the third straight month. Housing has never been this affordable in decades.
What do current home buyers and home seller think?
Fannie-Mae Survey of actual potential real estate buyers and sellers:
* Americans think that housing prices in 2011 will remain stable.
* 78% respondents believe said they expected housing prices will hold steady or increase over the next twelve months, up from 73% in January 2010.
* 64% of Americans said they considered buying a home to be a good investment.
* Moody’s Analytics points out, the pace of sales is moving at a glacial rate. The median house price dropped 3.7% year-over-year, according to the latest data.
Looks like there is time still remaining to capture a good deal. That time is slowly diminishing though. This past week, the Dowell Taggart Team wrote 6 offers on homes. On all 6 offers our buyers faced stiff competition from other buyers. Although 4 buyers made full price or higher counter offers, all four counter offers were rejected for better offers from other buyers.
Homes priced to get multiple offers are receiving multiple offers.
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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