The Housing Market continues to Bottom Out and It is Creating Opportunities

The real estate market could be taking a turn upwards.  With houses sitting for longer and inventory starting to grow.  It is creating an environment for opportunistic buyers who have been sitting on the sidelines for the last several years to acquire a new property.  Current existing-homes  sales fell off the wagon in 2022 with the largest decline in year over year sales falling 37%  in home prices since 2010.  For those investors with a long memory, you will recall that 2010 was the year that the real estate market rebounded with a vengeance from the  2008 Great Recession.  After 3 years of a compressed real estate market from the popping of the housing bubble.  Interested buyers could take advantage of the low prices and negotiation power began to purchase property.  Since 2010, the real estate market would rise sharply and quickly.  Investors who had the courage to jump in to the market in 2010 were rewarded over the next ten years with exceptional growth.    From 2010 – 2020 the real estate market added $11.3 Trillion to US Housing Value which is now worth $33.6 trillion.  Buyers have all the power in negotiation espcecially if the home as been sitting on the market for longer than 60 days.  These opportunities don’t come around a lot and if you are interested in taking advantage of it we would love to help you.