Tuesday, April 21, 2009

Fed says we are near the bottom

I read yesterday that the FED says we are almost at the bottom in terms of the real estate market. I don't see how that is possible with Foreclosures still on the rise and credit markets still locked up tight. We will not see the bottom however until we are well past it so I am suggesting that each person out there who is still practicing do it like there is no tomorrow. Castle Rock Lake area real estate will be a tough sell this year with values sliding almost 30% over the last 6-8 months. As soon as sellers figure out the best way to get this across to buyers they will be rewarded with a sale.
Pricing is still first and foremost the best way to sell real estate, expert agree across the board.
We are currently doing some marketing for a couple of rental properties at Waterstone, one of Castle Rock's best.

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