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Home Buyers and Real Estate Investors in Mount Pleasant and Charleston SC Area are becoming more Real Estate savy in regards to want they should offer when buying a house. With the help of their Real Estate agent, home buyers are getting market data to help determine and support their low offering prices. Unfortunately many home sellers have listed their homes at prices where the rest of the market is, but is not at prices where comparable homes are selling at and as a result many homes are sitting on the market much longer than they need to. Many home sellers priced their homes at the top of the market in hopes of the market turning around this summer.
Shiller Says Home Prices in U.S. May Decline for ‘Some Time’
By Bob Willis, June 7 (Bloomberg) - Robert Shiller, the Yale University professor who predicted the collapse of the U.S. housing market, writes in a New York Times article today that home price declines “may well continue for some time.”
Shiller, co-founder of a home-price index that bears his name, said prices may “continue to fall, or stagnate” in 2010 and 2011. The S&P/Case Shiller index of 20 major cities showed median home prices were down 32 percent in March from their peak in July 2006.
Shiller noted that U.S. home prices didn’t begin moving up, “even incrementally,” until six years after the end of the prior housing boom in 1990-91. Home prices in Japan fell every year for 15 years after the 1991 bursting of Japan’s real estate bubble, he wrote in the column.
While long price declines appear to defy common sense and traditional economic laws, Shiller writes that most homeowners don’t behave like investors trying to time the market. Decisions to buy or sell homes are more frequently tied to life-style changes or growing pressures of economic necessity, further reason why a buying decision would be delayed at a time when unemployment is at quarter-century highs.
To read the rest of this article, http://www.bloomberg.com/apps/news?pid=20601087&sid=azlxhEqiym6Q
Charleston, Mount Pleasant, & Hanahan Real Estate For Sale
Matt Naumann – Charleston & Mount Pleasant, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Mount Pleasant, SC Real Estate Market. My motto is “There is always a way!” Google or Call me (843) 818-9898 and let’s discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.
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Today's Rates:
| 30-yr Fixed | 4.56% | 4.71% | | 15-yr Fixed | 4.03% | 4.24% | | 1-yr Adj | 3.7% | 4.59% |
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