Comments on: What is your definition of a bad housing market?

By: Ignore the Headlines - finally the media gets it | Focus On Frederick.com

Ignore the Headlines - finally the media gets it | Focus On Frederick.com — Wed, 20 Feb 2008 18:47:44 +0000

[...] stay away… Yes, things haven’t been as productive as they used to (for sellers). I have written many times about this market too. The media like to to generalize the numbers for the most part. They quote the national averages [...]

By: gotbob

gotbob — Fri, 26 Oct 2007 21:41:30 +0000

Joanne, Vacation and Resort areas around here are doing OK too. Folks with good credit aren’t affected by the subprime market issues.

It’s a perfect time to buy for that buyer! Have a great weekend.

By: Joanne Hanson

Joanne Hanson — Fri, 26 Oct 2007 05:38:13 +0000

Bob, our market is always different from everyone else, and we were there about 3 years ago. Ours has picked up again, and it is a good market for Sellers, but not so much for Buyers! People who bought 3 years ago are in a good spot today.

By: Ginger Wilcox

Ginger Wilcox — Wed, 24 Oct 2007 02:50:47 +0000

Bob,
I am just not getting it. Why aren’t buyers jumping in? This is a great opportunity for buyers- one we haven’t seen in years! The media needs to be flashing that headline- EXTRA, EXTRA, read all about. Now is a great time to buy!

By: gotbob

gotbob — Mon, 22 Oct 2007 18:21:01 +0000

Ines, good point. If you are selling in this market, you are also buying in this market. It’s a wash…unless you move to a different market.

By: Ines

Ines — Mon, 22 Oct 2007 15:47:47 +0000

Bob – in the real estate equation, the market will always be bad for either the buyer or the seller. The problem is that the media focuses on the negative, does not matter where the pendulum swings.

I totally agree with you – it’s a great market for buyers, they have the upper hand, they can make requests that they would not be able to make in a seller’s market.