Real Estate Update in Medford Area
When it looks bad and it looks like things are going to get worse, that’s the time to pull the trigger and buy real estate to have the highest probability of making top profits investing in real estate. That’s the consensus of veteran real estate investors, who have made fortunes investing. Looking for Property in Ashland and Medford area go to www.realtorrenee.biz or email me at renee@cbprowest.com.
All we hear is the over-whelming majority of the nation’s housing markets are suffering from real estate deflation. Many urban markets have already seen home values drop as much as 50%. But experienced real estate investors go against the mass mentality of buying in over-heated markets and wait until the market cools before investing. In 2008 that time is here, according to the latest Housing Predictor forecast.
In the Ashland and Medford area home prices have been going down at nearly as fast a pace as they went up during the real estate boom. The inventory of homes for sale is growing almost daily and the time it takes to sell a home is increasing. At the same time the foreclosure market in Medford is growing, making it a buyer’s bargain basement. Medford and our surrounding communities are not immune to what is happening all around the U.S.
This makes it hard on sellers however keep in mind if your taking much less for your home sale, and are intending to purchase a new home, the homes you will be looking at have greatly reduced as well. If you have looked at homes in other states to re-locate, you should also, check with those local markets. Chances are those prices have come down substantially as well.
When will the gloom be over? In short the answer is, “we don’t know”. If you can afford to sit tight and sell when the market is up, that’s ideal. However, if you wish to move sooner you may be required to take less now to accomplish your goal to move elsewhere. Everyone’s situation is unique, please call and we can talk about what works for you.
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