Never before in the history of real estate has our market been so volatile. What is happening at this very moment may be totally different than it was six months ago, and it will be totally different again in all likelihood in another 6 months. Are we in a buyer’s market or a seller’s market?
Whatever your guess is, it might be right but it could change again very soon. That’s why it’s critically important for agents and the public to be aware of the current trends and monitor changes on a monthly (if not weekly) basis.
It’s not difficult to back up your findings to your buyers and sellers by using the information available to you. We all know that in the state of Georgia, most homeowners who have a mortgage are underwater. It’s still hard for the sellers to grapple with this, so the more data you have to support the facts, the easier your job will be to help the seller understand what their options are. (more…)