Indeed, today the press had their day – their day to slam the real estate market! Over my bowl of cereal toward the beginning of today, I was met first with the features on The Washington Times first page – “Home costs fall; deals plunge: South saved, financial exchange battered on news.” In the wake of perusing this and a short rest with the world news to make up for lost time with the most recent on Iranian atomic innovation, Center East legislative issues, and different other discouraging reports, I found the business part of The Washington Post which covered the “Indications of a Wide open Market: Most recent Figures Show Deals Dropping, Stock Ascending for Existing Homes.” As a realtor, I felt that it was my responsibility to analyze these articles and fairly sensationalized features to offer the restless venders and purchasers, and those examining entering the real estate market, a portion of the real world.
Allow me to begin by saying that Indeed, the housing market has eased back from one side of the country to the other, and in Northern Virginia. There is an exceptionally huge expansion in stock and less deals. Be that as it may, contemplate what we are contrasting. Last year and 2004 are the best lodging marketing projections of all time! Notwithstanding, even with existing home deals down 11% from last year to an extended 6.33 million for the year – 2006 will in any case be the third greatest year for house deals Of all time. Indeed, the market has eased back, however the realities stay that financing costs are still exceptionally low, the economy is sound, and in the Northern Virginia region, occupations are ample and lucrative. It isn’t an ideal opportunity to freeze… the housing market is becoming… (drumroll please) Typical! It might take somewhat longer to sell a home, and dealers may not get the exorbitant cost that their neighbors got for their home last year, however if they’ve possessed their home for over a little while, they are as yet creating a critical gain. Purchasers – you have an extraordinary chance that has not been accessible throughout the previous quite a while to track down a home at a sensible cost without going up against 10 different purchasers for a similar property. In case you’ve been going back and forth about purchasing a home, or sitting tight for a decent chance – this is the ideal opportunity!
Papers are occupied with selling more papers. Photographs of 10 land signs on a similar corner, and sensational diagrams, and first page reports that say “Home costs fall; deals plunge” play on feelings and assist with getting the papers off the racks. Notwithstanding, if it’s not too much trouble, read somewhat more profound. Real estate professionals are occupied with selling homes in happy occasions and in terrible occasions. We’re in an ordinary housing market, and a typical land cycle. The sky isn’t falling. Real estate agents see past the measurements to what in particular is occurring in the networks wherein they live and serve. Let a realtor instruct you concerning what is truly happening in Northern Virginia land.
