According to an article published by CNNMoney.com in early March, this could be the best time to buy in four years. The CNN article cited a report that stated "Home prices have dropped so quickly and so far that valuations - the difference between what a home should cost and its actual price - are the lowest they've been since 2004,"
Locally speaking, figures from another source show that the Jackson Metro Area ranked in the top ten of the most undervalued markets in the U.S. in 2007 with housing prices that were 15% under valued.
Thursday, March 20, 2008
Saturday, March 8, 2008
Real Estate's Significance?
The preamble of the National Association of Realtors opens with "Underneath all lies the Land."
Buyer's Market or Seller's Market?
The real estate market is not entirely a seller's market or a buyer's market at any one time. To some degree it is always a mixed market. Why? Because real estate is inherently a local market and somewhere on the globe it is a seller's market while elsewhere on the globe at the same time it is a buyer's market.
Real Estate Auctions
Auctions offer sellers an advantage in an otherwise buyer advantaged market by creating a sense of urgency.
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