Experts Predict Change Is Coming for the Real Estate Market
Experts Predict Change Is Coming for the Real Estate Market
Klump adds, “The national housing market is recalibrating due to weak sales activity. Supply will take time to adjust to lower demand, but sellers unwilling to accept offers below their expectations will remove their homes from the market. Fewer active listings reduces buyer choice, and in time puts a floor under prices.”
In other words, CREA’s chief economist sees the gradual shift from the current buyer’s market to a more balanced one, which will halt the decline in housing prices.
CREA president Calvin Lindberg is also confident that Canadian federal budget initiatives for homebuyers will have an impact later in 2009: “The increase in the Home Buyers’ Plan and the First-Time Home Buyers’ Tax Credit to cover closing costs are both important for first-time home buyers, and they are an important factor in an active housing market.”
In the US, the National Association of Realtors® (NAR) president Charles McMillan also believes that the home buyer’s tax credit is a critical provision in the recent stimulus bill, and that it will result in many home purchases in the U.S. during the coming year.
We can’t deny that we’re dealing with a poor economy and a slower real estate market, but it’s important to remember that home staging works no matter what the housing market is doing.
In fact, that’s one of the beautiful things about the home staging business - it works in both a buyer’s market and a seller’s market. So while you may start your home staging business in a slow real estate market (which is the easiest time to start because prospective customers need your services that much more), you’ll be able to continue to grow your business when the real estate market turns around. And as history has proven, it always does.
Experts Predict Change Is Coming for the Real Estate Market - To learn more about this author, visit Staging Diva's Website.
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According to the Canadian Real Estate Association’s (CREA) chief economist, Gregory Klump, “Increasingly cautious home buyers and mortgage lenders means that active listings will take longer to sell in 2009 compared to previous years.”
Klump adds, “The national housing market is recalibrating due to weak sales activity. Supply will take time to adjust to lower demand, but sellers unwilling to accept offers below their expectations will remove their homes from the market. Fewer active listings reduces buyer choice, and in time puts a floor under prices.”
In other words, CREA’s chief economist sees the gradual shift from the current buyer’s market to a more balanced one, which will halt the decline in housing prices.
CREA president Calvin Lindberg is also confident that Canadian federal budget initiatives for homebuyers will have an impact later in 2009: “The increase in the Home Buyers’ Plan and the First-Time Home Buyers’ Tax Credit to cover closing costs are both important for first-time home buyers, and they are an important factor in an active housing market.”
In the US, the National Association of Realtors® (NAR) president Charles McMillan also believes that the home buyer’s tax credit is a critical provision in the recent stimulus bill, and that it will result in many home purchases in the U.S. during the coming year.
We can’t deny that we’re dealing with a poor economy and a slower real estate market, but it’s important to remember that home staging works no matter what the housing market is doing.
In fact, that’s one of the beautiful things about the home staging business - it works in both a buyer’s market and a seller’s market. So while you may start your home staging business in a slow real estate market (which is the easiest time to start because prospective customers need your services that much more), you’ll be able to continue to grow your business when the real estate market turns around. And as history has proven, it always does.
Experts Predict Change Is Coming for the Real Estate Market - To learn more about this author, visit Staging Diva's Website.
Like this article? Share it with your friends
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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