Evaluating the Bottom of the Market
It seems like every other person I talk to lately asks questions about how close we are to the bottom of the real estate market … everybody wants to know whether they can expect another 6 months of price reductions or not. Well, depending on the person, I often prefer to show them how to better understand the factors that go into the answer so they can start to make their own conclusions. As a first step, you might want to read the Some Real Talk on Housing article on the Seeking Alpha website. They do a very nice job of highlighting the importance of housing vacancies on our market.
For those of you who are patient, stay tuned for future posts about how I try to evaluate the market. For everybody else, please feel free to give me a call (925.817.8428) or send me an email (brian@sparrproperties.com).
August 2nd, 2008 at 5:31 pm
No matter what I find I am buying, a car, computer, or a home, the nagging feeling that I am overspending is a very normal reaction. This same feeling gets stiffled by research and numbers/reviews. Buying a home is a bigger purchase, so understandably the hardest.
Good addition of facts and figures, keep it up.
August 29th, 2009 at 7:13 pm
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It seems like every other person I talk to lately asks questions about how close we are to the botto […]…