Is the Real Estate Market Headed For Another Record Low?
Another Record Low
Another record low you might ask. In 2007 the real estate market sank quicker than a lead balloon. For many, the inevitable bubble had popped and with it many people lost the American dream of owning their own home. It wasn’t until approximately three years later that the real estate market started showing small signs of a slow but steady recovery. The influx of low priced houses were starting to sell and that initial low priced inventory moved slowly but surely.
Prices Began to Rise
This slow but steady push was exactly what the real estate market needed to recover. Once the inventory of low priced homes was exhausted, something started to change. Prices and property values slowly started to rise. Great news for the real estate market, but it looks as if this trend in rising prices and values is about to come to an end.
Are Real Estate Prices Headed Back Down?
Yes it is true that the overall health of the real estate market has been great for 2014, but those rising prices are starting to fall. The rate of growth is not as high as it was in 2013. Some analysts fear the real estate market might actually fall to a negative level. This drop is not feared on any local level, it is feared on a national scale.
By comparison: There has only been a 1% home price gain from the second to third quarter of 2014. In 2013, this gain was just over 3%. This should not be happening during what is considered to be the busiest time of year for home sales. This is when prices should be slowly rising, but that is not the case. We wont be having another record low.
Sell Your House for Cash
If you want to get the most for your house before prices and values start to fall once again, then selling your home for cash is the best way to get it done. For one, you won’t have to worry about dealing with any long winded realtors, and you won’t have to worry about how the local market is doing. All it takes is one simple phone call to sell your house for cash. Call us today at: 866-827-0080.