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Many of the forecasts predict that 2008 willl be a stronger market for sellers than 2007 has been.
The market right now is very hot...its a great time to sell. Sales records are being broken all over the place...houses are selling within days for near 100% of asking.
usually better in the spring , when everything is blooming makes the house more attractive and the market is usually better
I actually work in a real estate office. The market has been really slow the past couple of years, so don't be expecting much from next year. But if you do, do it during the summer, because thats by far when I'm busiest.
Nope, I don't see it!! The market value of homes has been said to keep decreasing over the next few years.
Real estate is a local issue. Look at New York. Prices in Manhattan are skyrocketing. Houses are not investments, they're places to live. Just ask all of the "flippers" in Florida (Tampa/Naples) and ask them how great their investments are!
It depends on where you live and what else is on the market. Real estate is regional. One market might be hot and escalating, another one might be declining or stagnating.
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Each area of the country is experiencing different market conditions right now. Some are nose diving some can't keep the properties on the market long enough. So it really does depend on where your property is located in the US you might want to research about information on different market conditions, including your local realtor organization web site to see what they all say about the condtions and predictions of conditions for your real estate market. Here are some links that might also help you in your research
2006 Market-by-Market Home Price Analysis Reports from National Association of REALTORS®:
http://www.realtor.org/research.nsf/page...
Different Real Estate Markets in different states – Reports
http://www.nyu.edu/library/rei/market.ht...
Statistics on real estate from the Feds: http://www.fedstats.gov/
Finding available real estate in the US through REALTORS®: http://realtor.com/default.asp?poe=realt...
Information on any city in the USA: http://www.bestplaces.net/
I wish you the best of luck on your research
No body can predict, my personal opinion, that next year will be worth, because inventory not
getting smaller, it's getting bigger, prediction on foreclose houses, will increase inventory next year even more. But lets hope for the best for everybody. It would be very interesting what another people think about this, very good question.
The market will probably not be any higher next year, or the year after that. It may never go higher than it is right now.
Like millions of others, you are foolish and unrealistic.
NOBODY (except you) cares what you paid for your house or that you spent $30K on upgrades. It is worth what it's worth today, PERIOD.
If you will not lower your house to what it is worth, or less to actually sell it, you will probably be holding it for a very, very long time.
I know people who own stocks that they bought 8 years ago and wont sell them becuase they dont want to lose money.
THEY ARE FINANCIALLY STUPID.
There are millions of homes available for sale today for what they are worth (supposedly) BUT they are not selling.
Real estate agents ALWAYS say the market will get better soon, they don't know any better.
You will be waiting a long time with your foolish attitude.
What an appraisal or real estate agent tells you your house is "worth" doesn't mean it will actually sell for that.
Nobody has a crystal ball, but millions of people will be losing their homes to foreclosure and will be financially ruined for years.
Welcome to a game with players that don't understand the rules.
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