3 Factors not to purchase real estate today

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The Holiday season is generally the slowest time of year in real estate. Purchasers, sellers and real estate representatives alike move their focus from the requirement to move, to household events, hosting, and all the Christmas shopping we still have to do.

The swimming pool of purchasers practically vanishes, sellers put provings on hold and representatives … great luck getting a call back.

A Pullback Is In The Works

As September house sales get set to launch in the next 2 weeks, anticipate all media outlets to make it rain with unfavorable protection as sales and house costs are most likely to reveal a month over month decrease. House worths can not increase permanently … you do keep in mind 1996– 2006? Tweet “Home worths can not increase permanently …”]
Bottom Line

It might be counter user-friendly for a real estate expert to recommend customers not purchase a house yet that is precisely what I’ve encouraged a half-dozen of my customers for the time being. Last week I shared the historic view that San Diego’s present real estate market is not a Housing Bubble however that does not imply house worths will continue to increase unattended. Here are my leading 3 factors why you must not purchase real estate today:

The Holidays

The Holiday season is normally the slowest time of year in real estate. Purchasers, sellers and real estate representatives alike move their focus from the requirement to move, to household events, hosting, and all the Christmas shopping we still have to do.

Everybody’s scenario is various and there are good deals to be had no matter exactly what the property market is doing. The method things are forming up in San Diego, I anticipate a pullback in house rates offering purchasers a little window of chance for the very best time to purchase late December, early January prior to home worths continue to value through 2014.

Disclaimer: I cannot forecast the future. You ought to not count on this to make any choices.

Media Coverage to Come

The truth is, the information is stagnant by the time it’s released. Real time information day in and day out is exactly what you require to be able to make a notified choice. One look at Chula Vista’s Median Home Price plainly reveals a pullback that you will likely not understand about for another month or so.

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