http://www.usatoday.com/story/money/2015/12/22/home-sales-november-2015/77743548/ What kind of excuse is 'longer paperwork time'? The house will still be bought, correct...? Maybe prices are getting a little out of hand. I see people here for the last two years listing their houses for the same value as in the boom when the house was brand new.
What does that article imply, another recession with the real estate? The recent recession had ruined so many real estate agencies and even big corporations reeled with the sudden decline of the prices. My relatives in the US were lucky to be able to hold on to their properties since they have enough savings to tide them over until the crisis was gone. Now if that is another indication of a recession, I think the public have learned their lesson in the past. Just hold onto your property, don't sell now.
I saw that. But it should be noted that these are November statistics. People aren't usually buying and selling homes in relation to the holidays so I think those figures might be a little off. I think the Spring indicators would be more of a indication how people are doing in terms of their home sales.
Where I live, used homes site forever since there is so much new building. I wonder if this is the case in other parts of the country. The market is also 55+ here since that's where all of the profit is located. It makes me wonder what's going to happen when all of these people are forced to move out. Will there be enough people to replace them? Will younger people ever make enough money to actually buy the house for the value they want?
I hope I can sell my house in the Spring. I live in a lake community. Usually, the homes that are pre exisitng here don't sell well. They may be on the market for quite sometime before they sell. That doesn't bode well for my hopeful home sale in the future, but maybe I will get lucky. People buy the lots and build their own home. Those that are right on the water have less problems selling.
Selling your home when the price is low is not a good option. But I understand that sometimes you have to sell in order to move to another location like being assigned work somewhere. Now as mentioned above in being lucky, I guess that is not a good option to take because you own your home and you can decide on what to do with it. Maybe you can take out a loan to tide you over with your finances and wait awhile when the going gets better then you can sell your home for a profit.
People are eagerly waiting to prices go up again when it is good time to sell a house or an apartment. However it might take a while to get house prices in rise again.
The prices are definitely getting out of hand. They're outrageous these days and it's hard to find something affordable that's worth the layout of the place you want to get.
If you have extra money, it is the best time to invest in real estate but you have to be prepared to wait for the return. It might take 5 years or maybe 10 or even longer before the value of real estate goes back to the true market value. That is one of the reasons why the rich gets riches when crisis hits a country because they have tons of extra money that they can put to good use by investing in real estate. I'm sure the rich are doing that now but for most of us, all we can do is look around.
