Comments on: Have We Touched The Bottom Of The Real Estate Market? http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/ Real Estate Blog, Mortgage, and Development News Fri, 19 Mar 2010 16:05:04 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Jon Griffith http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/comment-page-1/#comment-232710 Jon Griffith Sat, 19 Jul 2008 07:46:14 +0000 http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/#comment-232710 Firstly, I don't believe we have a real baseline for normal. The market's normality is evidenced in how erradic it can be over time. It's always either up or down. None of us have a crystal ball, but it's clear in areas of Phoenix and Gilbert in Arizona that sales have increased but prices have only leveled off. Some areas in Scottsdale have already shown signs of rebounding. We aren't going to see the curve go down like it has, and history shows that it will go up over time. Buy now...it will be the best investement you have ever made. The longer you wait, the less return you'll see down the road. Sure, you may see a price dip, but if you're in it to get rich quick, don't get in. Buy for long-term ownership. That is what builds wealth. Firstly, I don’t believe we have a real baseline for normal. The market’s normality is evidenced in how erradic it can be over time. It’s always either up or down. None of us have a crystal ball, but it’s clear in areas of Phoenix and Gilbert in Arizona that sales have increased but prices have only leveled off. Some areas in Scottsdale have already shown signs of rebounding. We aren’t going to see the curve go down like it has, and history shows that it will go up over time. Buy now…it will be the best investement you have ever made. The longer you wait, the less return you’ll see down the road. Sure, you may see a price dip, but if you’re in it to get rich quick, don’t get in. Buy for long-term ownership. That is what builds wealth.

]]> By: Tom Royce http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/comment-page-1/#comment-232422 Tom Royce Fri, 18 Jul 2008 15:40:08 +0000 http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/#comment-232422 I think that you are probably correct Brian, but the formation of bottoms tend to take a while. So while we may be hitting the bottom it will also take a good part of the slow winter season to solidify and then next spring it will rise when people are comfortable that the bottom is solid. Banks will also open up the lending doors when they feel comfortable that housing has stopped declining and the risk is reduced. I think that you are probably correct Brian, but the formation of bottoms tend to take a while. So while we may be hitting the bottom it will also take a good part of the slow winter season to solidify and then next spring it will rise when people are comfortable that the bottom is solid. Banks will also open up the lending doors when they feel comfortable that housing has stopped declining and the risk is reduced.

]]> By: Brian Patton, CCIM http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/comment-page-1/#comment-232373 Brian Patton, CCIM Fri, 18 Jul 2008 12:59:35 +0000 http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/#comment-232373 I agree that we are close to the bottom. However, "close" is a relative term and realistically we won't start rebounding until late spring '09. I went to a really good seminar with two of the best economists recently and they gave some interesting '08-'09 outlook predictions. I posted their comments in this linked blog. http://www.capitallistings.com/focus-bad-news-creates-problems-markets I agree that we are close to the bottom. However, “close” is a relative term and realistically we won’t start rebounding until late spring ‘09. I went to a really good seminar with two of the best economists recently and they gave some interesting ‘08-’09 outlook predictions. I posted their comments in this linked blog.

http://www.capitallistings.com/focus-bad-news-creates-problems-markets

]]> By: Corey http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/comment-page-1/#comment-231493 Corey Tue, 15 Jul 2008 21:19:26 +0000 http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/#comment-231493 Not even close to the bottom. I think anyone who is saying that we are nearly there or already hit bottom are simply spreading misinformation. Optimism is not an option here. Not even close to the bottom. I think anyone who is saying that we are nearly there or already hit bottom are simply spreading misinformation. Optimism is not an option here.

]]> By: house flipping http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/comment-page-1/#comment-231411 house flipping Tue, 15 Jul 2008 15:16:31 +0000 http://www.therealestatebloggers.com/2008/07/15/have-we-touched-the-bottom-of-the-real-estate-market/#comment-231411 This is good news. Now if we could get the mortgage companies back in business things will return to normal. This is good news. Now if we could get the mortgage companies back in business things will return to normal.

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