One of the truths in real estate is that markets always get worse, and they always get better. What steps can you take to identify what’s ahead for your market? Part 1 of this series outlined how to use the months of inventory to recognize the early warning signs of a market downturn. What other telltale signs should you look for to determine whether a storm is brewing in your market? 1. Builders: Your early warning system National builders actively monitor where the market is heading. When housing starts increase, you can expect a seller’s market with upward trending prices. In strong markets, builders seldom offer incentives. In contrast, declining housing stats coupled with builder price reductions, extensive upgrade packages and interest rate buy-downs suggest rocky times a…
Elaine
DRE #00598428
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed
310.453.1965 Cell: 310.633.4742 Fax: 310.756.1233
elaine@elaine360.com
“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”
