Who Makes What Type of Real Estate Market It Is

Published: Apr 08, 2007 at 05:19 PM
Author: Shirley Black


It is unfortunate that the media has a way of giving the public the wrong impression of the economy. For example, when the media starts talking about the rising price of gas, guess what, gas prices go up even higher. The same is true for real estate. The media has lead people to believe the real estate market is in a slump. I am hear to tell you this is not true.
What we need to remember is, the real estate market today is still the best it's been in 50 years. The market is forever changing. The interest rates are still "at an all time low" and there are volumes of properties available on the market to chose from.

The answer to the title of this post is, buyers control the real estate market. It depends on what buyers are willing to pay. When the interest rates dropped to all time lows 5 years ago, consumers were eager to pay higher prices for properties. It was these buyers who created the sellerÂ’s market. Buyers are in a position to choose from a higher volume of homes on the market. Because there are not as many buyers, a buyerÂ’s market has now been created. Two important things to remember is; "real estate is a long term investment" and "buyers always control of what type of real estate market we have".