Housing Market has its Woes, but has its Opportunities as Well

17 July 2008

Housing Market has its Woes, but has its Opportunities as Well

Posted by staceysloan under: Housing Recovery .

Every cloud has a silver lining and the real estate market is no different. Sales volume took a jump in May (the latest full month available) over April, although sales were still off approximately 10% from May of ’07. However, most agents who are actively working the foreclosure market will tell you that 8 to 20 offers is not unusual for any house priced under $500,000. The papers will tell you the market is dead, the economists are predicting doom and gloom for another 18 months. I’m here to tell you, don’t believe everything you read. Having said that, yes this is a market to approach with caution. You should know exactly what you want, and what you can afford. But, there are definitely deals out there. You need a real estate professional to help you. There is definite navigation required and you will need negotiating power. I am here to help you. This is a radical market full of possibilities.