If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Rochester, New York, is a typical real estate community in the United States. As opposed to the overheated markets of Boston, New York, Long Island, Florida, and the California coast, Rochester has seen a busy market over the past 5 years but not an unrealistic market.

For many in middle America, the talk of housing bubbles and loss of appreciation is confusing. We have been enjoying our 4–7 percent  increase in property values annually, seen periods where inventory is low and it is harder to find a home, other times it looks like every one is selling at the same time.

Rochester illustrates in this article by the Democrat and Chronicle that there are fluctuations in the marketplace, but for the most part it is a stable environment.

And even though the statistics for 2005 broke all records for sales, volume and median and average price, many real estate agents are readying themselves for a more challenging year.
That will mean longer listing periods, fewer purchase offers, and far fewer bidding wars — even for prime real estate in the hot market areas.
“For five consecutive years, my job was not selling property,” says agent Mark Siwiec, who works out of the Re/Max Pittsford office. “My job for five years was creating bidding wars and creating for my clients, my sellers, outrageous valuations for the sale of their property.
“Now we’re back to the basics. We’re back to how we are going to very aggressively, very methodically and very scientifically market this property for as many buyers as we can. And that started last spring.” via Democrat & Chronicle.

Other Posts You May Be Interested In:

• Using Video and YouTube to Sell Real Estate
• Size of Average Home Peaking and Expected To Shrink In The Future
• Celebrity Real Estate Round Up
• Interest Rate Freeze on SubPrime Loans Disliked By Most
• As Condo Market Slows in Bubble Regions, Properties are Reverting to Rentals