Welcome to the MaricopaRealEstateForSale.com Blog

2016-09-11 22:10:04
Is This a Good Time to Buy a Home?

Timing the real estate market is a bit like throwing your money down on a roulette table in Vegas. Where that wheel will land is anyone’s guess. The same can be said for the real estate market: when will it hit its peak or bottom? Interestingly, the only way to know if real estate prices have hit their high or low point is when they begin rising or falling.  Let’s take a closer look at some of the same economic trends that the experts keep an eye on when forecasting housing market trends. 

Jobs

The national unemployment rate is one indicator of what might happen in the housing market. When rates are low, folks feel confident about spending money. More buyers in the market means more competition, causing prices to rise.

Unemployed folks, on the other hand, typically don’t buy houses. People that are worried about losing their jobs don’t either. During times of high unemployment, home prices fall because there are more homes for sale than buyers in the market.

Inventory

The number of homes on the market – known as the “inventory” in real estate lingo – is another indicator of the direction the housing market may take. A smaller inventory leads to more competition among buyers. Again, it’s the supply and demand theory – when demand outpaces supply, prices rise.  

New Housing Starts

Developers generally don’t build new homes during a down economy. When they decide it’s time to jump back into the market, prices typically begin trending upwards.

This is great news for the overall housing market and the economy but, if you’re timing the market, it should be a stark reminder to you to get off the sidelines and buy now.

Although gambling at the roulette table is fun, gambling on how much you’ll pay for a house every month may end up being quite painful. Pay attention to economic indicators and talk to your agent about which direction the market is headed.

 
Blog Archive
2017-02-08 20:54:34
Overpricing your home

2016-12-25 18:30:42
Home Appraisal Basics

2016-12-25 18:28:16
How much can you afford?

2016-11-29 18:44:47
Thinking of Buying a Houseboat?

2016-11-29 18:41:52
What to do About your Mortgage if you Lose your Jo

2016-10-28 15:35:36
Shopping for a Lender

2016-10-19 17:17:26
Tips for Buying a Fixer-Upper

2016-10-19 17:13:33
Home Appraisal Basics

2016-09-21 09:43:40
What is the Earnest Money Deposit

2016-09-21 09:33:51
Buying a FSBO without an Agent

2016-09-16 12:40:17
How to Attract an Affluent Buyer

2016-09-16 12:37:40
Deciding how much to Offer on a Home

2016-09-11 22:14:10
Alternatives to Granite Countertops

2016-09-11 22:10:04
Is This a Good Time to Buy a Home?

2016-09-11 22:06:30
Look for these 3 Warning Signs when Shopping for a

2016-09-08 15:17:28
Top Ten Ways to Scare Away Buyers

2016-09-08 13:32:50
Shopping for a Lender

2016-09-05 18:36:41
What can go wrong during the Escrow Period?

2016-09-05 18:33:01
Why is my Home Not Selling?

2016-09-05 18:26:36
How much can you afford?

2016-09-02 15:31:52
Relocating to Maricopa

2016-09-02 15:11:03
Selling your Maricopa Home Yourself: Is it a Good

2016-09-02 14:59:11
What is the Best Time To Sell?

2016-08-01 08:00:22
Tips to Search for Real Estate in Maricopa, AZ

2016-08-01 07:57:31
Get Free Online Property Valuation Maricopa

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.

© ProAgentWebsites.com |  Terms & Conditions |  Privacy Policy |  Fair Housing