If you are trying to buy a home, you are probably keeping tabs on the real estate market trend. The real estate market is constantly shifting, impacting buyers’ purchasing decisions. Thus, buyers are always on the lookout for the perfect time when the prices are low to make a purchase.
This video will help you understand the two markets under real estate and how to tell when the market is shifting.
It is not unusual for real estate markets to change. It happens all the time. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift.
Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically.
Your probably wondering what are the major signs that the real estate market is changing in your local area. All real estate is local so that is vital to understand.
It seems like everywhere you look, there are signs that the real estate market is shifting. Recently, there have been a lot of reports of buyers and sellers being in a “buyers market,” and this shift could mean big changes for those who are buying or selling.
Never take the national headlines as the gospel for your area. More times than not, the local market could be a bit different.