Spring is traditionally the busiest time .....
Spring is bargain time for home buyers
By Michael Giusti • Bankrate.com
Two years of stormy real estate markets appear to have created an ideal climate for bargain-minded house hunters who know where to look.
Real estate experts say a switch in the psychology of the housing market has helped buyers to see the silver lining around the housing market storm cloud and usher in the fine shopping weather.
"We are now in a solid buyer's market," says David Lereah, chief economist for the National Association of Realtors (NAR). "It has been a seller's market for many years, but now we are seeing people across the country making deals and bringing prices down."
A loss of confidence on the part of real estate investors triggered the psychological switch, he says. "What happened was, investors pulled out in droves, and the housing markets went dead," Lereah says. "When the investors stopped buying, regular buyers got scared."
That fear drove many house hunters to the sidelines, waiting to see what would happen -- worrying that housing prices would continue to fall. ....continue


<< Home