Charlie Arthur's Port Townsend Real Estate Blog

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Why aren't you buying real estate?

 

So far this year the DJIA ( Dow Jones Industrial Average) is down 14.44%!!  I am curious to know why people aren't taking their money out of the stock market and putting it into real estate.  The selection of property on the market is higher than it has been in years.  Jefferson county washington state is experiencing a slow market, but prices haven't plummetted.  The time on the market has increased considerably, but the price has only come down a little.  But there are more homes to choose from.  This is a great time to buy.  Interest rates are still very good. 

 

Comment balloon 4 commentsCharlie Arthur, CCIM • June 30 2008 06:17PM

Comments

In our area, selection of real estate has shrunken dramatically over the past 60 days.  There are no longer as many great foreclosure deals.  Buyers are coming back to the market in bus loads here in Southern California, sensing that now is the time to buy.  Much of what's on the market is unapproved shortsales.  Furthermore, most short sale agents have absolutely no idea what they're doing.

Cameron

Posted by Cameron Novak, Featured Corona Real Estate Agent Team (The Homefinding Center) over 11 years ago

People need to know, that the last high market is gone.  Too many folks just don't get it, waiting and waiting, for days gone by.  Investing in real estate is safer than the markets, however, people only hear the bad news:)

It's a Good Life!

Fran

Posted by Frances C. Rokicki, Broker-Mentor,CRS (Fran Rokicki Realty, LLC) over 11 years ago

Buyers are slowly starting to return and probably would be returning even more quickly if the media didn't scare them with some gloom and doom prediction or an interview with some unknown "expert" who says "I wouldn't buy now." nearly every day.

Posted by Steve Shatsky over 11 years ago

Cameron, I like hearing that buyers are coming back in busloads.  Here in Northern Virginia, we're starting to see a pick up as well. In May, we had the most sales  since August 2005.  YIPPEEE!!!

Posted by Nancy Pav, Nancy Pav, Your "GottaHave" Realtor (Century 21 Redwood Realty) over 11 years ago

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