The Reflex Effect
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Chris Palmeri at the Hot Property Blog over at Business Week has a strong post on how human nature affects pricing and sales. As opposed to price being the only consideration, velocity of sales must be looked at as a key indicator to the housing markets health.
Rising prices get more people excited about buying, even though they’re paying more. Falling prices make people less excited about doing any transaction. This observation has broader economic implications. Even if home prices don’t fall, sales could decline, putting less money in people’s pockets and slowing the economy. That’s evident in today’s stats from the California Association of Realtors. Even though the median-priced home in California jumped 16% in November to $548,400; sales declined 11.2%, to 579,560, from a year ago.Hot Property.
This can be a good thing for people in trouble, but the question is still what is going to be ...
Not only is real estate a bright spot it should be a part of everyone's IRA and 401K account because ...
Okay with the market the way it is......I have found another path for real estate.....you dont become a land lord...you ...
The housing and credit markets are a mess right now. Several major banks that engaged in questionable subprime mortgage lending ...
Also, check out new private contracts that can allow you to guarantee that you will not loose your investment in ...
Brilliant use of promotion. Here it is being used on Reseda Blvd in Northridge, CA at Meridian Place Apartments! Wow ...
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
