Homes condos Montgomery Md Rockville Gaithersburg Germantown, Short sale foreclosure expert: "Buyers think market is shifting against them"~Hold onto your Realtor!

"Buyers think market is shifting against them"~Hold onto your Realtor!

This article is a reflection of how changes in the housing market are affecting a Buyer's perspective to purchase a home.  A Realtor benefits Buyers in this housing market.  Having a Buyer's Agent alleviates stress during the contract process, especially during challenging multiple offer situations.  Remember, when the transaction process gets dicey, your Realtor is the person who represents you!   

"Buyers think market is shifting against them"~Hold onto your Realtor

All Photos courtesy of and copyright Free Range Stock, www.freerangestock.com   


 

Survey: Buyers Think Market is

Shifting Against Them


Redfin finds buyers demoralized by competition for limited inventory

BY INMAN NEWS, WEDNESDAY, AUGUST 29, 2012.

Inman News®

A survey of 982 prospective buyers in 19 markets by tech-based brokerage Redfin shows an increasing conviction that home prices are on the rise, and a growing reluctance to get into multiple-offer situations.

"Many buyers who emerged from hibernation this spring eager to take advantage of low rates and near-bottom prices now seem to have become demoralized by the intense competition for a limited selection of homes for sale," the company said today in releasing the results of the survey, which was conducted Aug. 16-22.

Seven in 10 of those surveyed said they'd encountered competition on at least one offer, and 31 percent said they'd back off when faced with multiple-offer situations, up from 28 percent during the second quarter.

While 46 percent believe now is a good time to buy, that's down from 56 percent during the first quarter. And 32 percent think now is a good time to sell, up from 13 percent during the first quarter -- further evidence that would-be buyers think the market may be shifting against them, Redfin said.  Read More>


To search an entire database of homes for sale in real-time with photos, descriptions, and community information, visit my website: www.premiermarylandhomes.com


Rick Reed, G.R.I., CDPE- Certified Distressed Property Expert 

Assoc. Broker/Owner "The Congressional Team" RE/MAX

Licensed in MD & Wash DC

8937 Shady Grove Court
Gaithersburg, MD 20877
Cell: 301-742-1172
Office: 240-403-0399 X306

http://www.premiermarylandhomes.com/


Can I help a friend or family member with their Real Estate needs?  You can count on me!

Comment balloon 0 commentsRick Reed • September 14 2012 07:33AM

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