The housing market will figure it out - Sacramento Appraisal Blog | Real Estate Appraiser

Abstract

The housing market has really changed, and it's not an easy time to work in real estate. I've written a letter to myself called "Dear Downturn." In my letter I lay out a plan for how I'm going to succeed in a down market. WINNING IN A DOWNWARD MARKET People buy and sell real estate in all types of markets. In a down market, especially at the beginning, that's when we see the biggest exodus of buyers since prices and uncertainty are too high. Today about 40% of the market has been missing lately in Sacramento, which also means 60% of the market has been happening. Technically prices still declined for three to four more years, but these buyers came out as major winners eventually as the market went up again. Much love, MARKET STATS: I'll have lots of market stats out this week on my social channels, so watch Twitter, Instagram, LinkedIn, and Facebook.