07-25-2006, 09:49 AM
I've been watching the RE market for 5 years now (obsession? yea. but I'm looking for my dream property or a great deal).
The market seems directly tied to interest rates they go down its a land grab they go up stuff sits.now with rates on the incline but gradually (up - down, level out)stuff sits until rates go down a .25 or more then you see everything under contract(except for the really good deals they are gone in a day or two no matter what).This doesn't make sense because it usually takes longer than a day to get something under contract and lock in a rate but I see this trend without a doubt.
The one thing that really worries me with our saturated market is what will happen to prices it any of the new subdivisions get built?(hope they have a really good marketing plan).
I am curious as to what type of buyers are out there now, still investors? Johns can you answer that? And how come you have a story about the market but won't let us all see it?<wink><wink>
The market seems directly tied to interest rates they go down its a land grab they go up stuff sits.now with rates on the incline but gradually (up - down, level out)stuff sits until rates go down a .25 or more then you see everything under contract(except for the really good deals they are gone in a day or two no matter what).This doesn't make sense because it usually takes longer than a day to get something under contract and lock in a rate but I see this trend without a doubt.
The one thing that really worries me with our saturated market is what will happen to prices it any of the new subdivisions get built?(hope they have a really good marketing plan).
I am curious as to what type of buyers are out there now, still investors? Johns can you answer that? And how come you have a story about the market but won't let us all see it?<wink><wink>