t is fairly clear that the well have doubled the value of
recent blazing hot real your home. In such a case, you
estate market has cooled are sitting pretty regardless of
off. If your local market is what the market is doing now.
following this trend, buying What about people who purchased
opportunities may start to pop in the last year or so? Things
up. may not be so rosy.
Housing Slow Down Means Buying In the rush to get into the fast
Opportunities appreciating real estate market,
many buyers in the last year paid
Real estate is a funny game. What top dollar for homes. To finance
is good for one party is often the homes, many of these buyers
bad for the other. In the case of squeezed into unique loans that
the recent seller’s market, they can barely make the monthly
buyers were paying premiums for payments on. As the market cools,
homes due to massive demand. Now many of these same people are
that the market is cooling off, finding their equity play has
sellers are seeing prices flatten gone bad given the lack or even
out or drop. While this is bad reduction of appreciation. To top
for sellers, it creates buying matters off, they are suddenly
opportunities for the savvy seeing the interest rates on
buyer. adjustable loans go up and up as
the Federal Reserve raises
The recent blazing hot real interest rates to fight
estate market created a massive inflation. This double whammy is
amount of wealth for many people. a disaster for such buyers and
Whether you had owned a home for will further depress the market
years or simple purchased three as more people look to sell out
years or so ago, you may very from under their debt.
looking to sell, sell, sell! Many
As a buyer, the above situation will be selling at deflated
presents you with a unique prices or being foreclosed on.
opportunity. While every local Indeed, the foreclosure market in
real estate market is different, many areas is going to be robust
more than a few will be in the next few years.
hemorrhaging homes very soon. A
classic example is the San Diego While the slow down of the real
market, which has seen estate market is not good for
astronomical appreciation rates many homeowners, buyers should be
and new home growth. Nice tract in good shape. As the market
homes have been selling for swings to buyers, buying
upwards of $800,000 in some parts opportunities should be readily
of the city. As the market cools, available.
people that financially squeezed
into such homes are going to be
About the Author:
Raynor James is with http://www.fsboamerica.org - FSBO homes for sale by owner.
Read more articles by:
Raynor James
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