2008 Real Estate Predictions
Common name. Uncommon service.
see as many as 40% of all listings doing a price
reduction on their property. Sellers that want to
sell are not willing to sit on their properties for
long periods of time so they are eagerly doing
5) SPRING MARKET COMES LATE FOR 2008
The market is still experiencing buyers that are
sitting on the fence waiting for the market to
crash because of all the negative media reports.
Because of this we will experience a later spring
this year. The month of May will be a very
active and robust month for real estate...So...
6) 2008 TO BE A STELLAR REAL ESTATE
YEAR. Despite all the bad press the real estate
industry has received, 2008 will be a banner
year. The economy is good; interest rates are
excellent and most important there is a high
demand for real estate. Although 2008 will get
off to a rather slow start, by May the market
will be catching up nicely.
7) STAGING BECOMES A VERY IMPORTANT
Staging is no longer just the art of making a
seller‟s home look less cluttered and more
merchandising homes to help them sell faster
and for more money. This market requires
sellers to Stand Out. Call me and I can refer
you to some great Stagers!
8) ELECTION YEAR KEEPS INTEREST
RATES LOW Interest rates are already at
an all-time low and the election year will assure
rates will stay that way. Historically we have
seen interest rates stay very stable during
election years. 2008 will be no different. ►
The Real Estate market is a strong foundation
of the economy and 2007 proved to be a tough
one because of all the negative media
attention. 2008 will prove to be another very
interesting year for real estate. Here are some
observations and predictions for 2008.
1) AGENTS WILL LEAVE THE BUSINESS
As the employment market began to improve,
many agents decided to get jobs that provided
a guarantee i