| Economy:Coming out of recession.Obama pushing Health Care Reform and Stimulus.
Winter Market: Definate signs of life,even a bidding war or two! Must be priced to the reality of the market to sell. |
Stock Market: Seems to be flattening out after huge rally. Potential Dow volatility going forward could move 'smart money' towards residential real estate to take advantage of substantial price correction. |
| Inventory: Some old inventory still hanging on though the best choices are being "picked off" by value-conscious buyers who think the end is here or near. More homes coming on daily, including homes in foreclosure and pre-foreclosure. | |
| Pricing: Nearing bottom at 20-30% off '05 pricing? | |
| Trends: Downsizing across the board. In-town and cul-de-sac living. Pools are in favor. Buying in a good location is paramount again. Buyers willing to pay for "luxury" rather than size. Waterfront and waterviews are desirable. Choosy buyers demanding "good condition" of potential purchases. Rentals as an alternative to purchase. | |
