IS anyone out there? I realize that I am brand new to blogging and therefore there will probably be no readers to this post. However I am finally excited to get this off the ground. The reason is that being a real estate agent I speak to so many people through out the day, week, month, year, etc and they all want to ask, “Hows the market?” Well we all know how the market is right now…”It’s unbelieveable!”

The truth is that home prices are declining, inventories are high and more homes are falling into the distressed category. This isn’t positive for home sellers. However what could be better for home buyers? Many of your most wealthy real estate investors made their money when inventory was high and home prices were declining back in the 80′s. However the difference between the 80′s and now is that interest rates are in the 6% range and not 18%.

This brings me to my next point, if many sellers are also buying and many of those sellers are moving up to a larger or more expensive home, how does this hurt them. Take the loss on the sale and make the gain on the purchase. Seems simple to me. I know everything isn’t simple, especially in these market conditions. However this is relatively simple if you fall in this category.

The fact is that there can only be  2 types of markets: 1) Sellers market – too many buyers and not enough inventory 2) Buyers Market – too much inventory and not enough buyers.  You have to view it like a teeter todder. One side goes up and the other goes down. With so many new home starts the past decade,  we had to have this correction. It was bound to happen. So now the builders  will tighten their standards and quit building houses for people that haven’t yet qualified for them which will decrease their on hand inventories  and  unfortunately put some of them out of business. Many sellers are already starting to realize they can’t sell to cover their mortgage balance. So they  will pull their homes from the market and try some time in the future. All of this, coupled with interest rates remaining low  will decrease the selection for current buyers which will level the market and stabilize the depreciation.

If anyone reads this, please give me your thoughts. Am I completely inaccurate here?

OK sorry to get off on a tangent, but I had to get that off my chest. Please look forward to me publishing more information frequently. I spend a lot of time reading local and national papers and websites, so I am full of information that I want to discuss with others.

Thanks for visiting.