First Quarter 2007
April 9, 2007
Soon the media will be reporting on, commenting on, and predicting the future of the 2007 real estate market. From the few reports that have come out thus far, the statistic show some areas of price increases, some areas of price decreases and generally a decline in the number of units sold
USA Today, last Monday, April 2, 2007, interviewed Tom Kunz, CEO of Century 21. One question that Kunz was asked, "Would you sell your home in New Jersey in today's market?" Kunz's response,"Sure. ...I think that there is the perception that people wait for a good market to sell their homes. Most people buy or sell because of major events taking place in their lives; births, deaths, marriage, divorce. No matter what the local real estate market is doing, having a job change as I did three years ago, going from California to New Jersey, I had to buy a house and sell a house. I may not get as much for the house as a year ago, but when I have to buy something else, it's not going to cost as much as a year ago. It's a good move up market."
Skeptics will discount Kunz's optimism because real estate is his business, but if you pesently own a home, consider the reasons that motivated you. Were they some of those major events cited by Kunz? A house is the place of shelter, but also the place where your life is lived.
The investors and the flippers have pulled away from the real estate market which probably relates to the decrease in the number of transactions. For the rest of us, we will continue to search for our dream houses and when we find them, no matter what the state of the market,
we will purchase them by negotiating the best deal possible.
Soon the media will be reporting on, commenting on, and predicting the future of the 2007 real estate market. From the few reports that have come out thus far, the statistic show some areas of price increases, some areas of price decreases and generally a decline in the number of units sold
USA Today, last Monday, April 2, 2007, interviewed Tom Kunz, CEO of Century 21. One question that Kunz was asked, "Would you sell your home in New Jersey in today's market?" Kunz's response,"Sure. ...I think that there is the perception that people wait for a good market to sell their homes. Most people buy or sell because of major events taking place in their lives; births, deaths, marriage, divorce. No matter what the local real estate market is doing, having a job change as I did three years ago, going from California to New Jersey, I had to buy a house and sell a house. I may not get as much for the house as a year ago, but when I have to buy something else, it's not going to cost as much as a year ago. It's a good move up market."
Skeptics will discount Kunz's optimism because real estate is his business, but if you pesently own a home, consider the reasons that motivated you. Were they some of those major events cited by Kunz? A house is the place of shelter, but also the place where your life is lived.
The investors and the flippers have pulled away from the real estate market which probably relates to the decrease in the number of transactions. For the rest of us, we will continue to search for our dream houses and when we find them, no matter what the state of the market,
we will purchase them by negotiating the best deal possible.
posted by shirley harry at 8:24 AM
0 Comments:
Post a Comment
<< Home