Reported by Fred L. Adams, REALTOR, Associate Broker, CRS, GRI, ABR, SRES, E-Pro Designation
Updated May 8, 2012.
Current Market Rating: 2
1
2
3
4
5
Buyer's
Seller's
Current Price Trend: 3
1
2
3
4
5
Falling
Rising
Well it appears the tide is turning. It is hard to find a negative "spin" on the recovery. Certainly it is time to be cautious and since our global financial market continues to make us ALL more interdependent on each other we never know for sure where things are heading BUT, the fact remains that nearly all indicators now are pointing to a slow and cautious recovery. Sales in Corvallis and the Willamette Valley have been picking up and the most exciting part is that inventory is DOWN! In our supply and demand driven economy that can only point one direction, rising prices. At this point we are happy just to see status quo but there are inklings of small increases taking place. Just during the past few weeks I have been a part of a number of sales that involved multiple offers. Each one of them required an offering price HIGHER than the list price. Yes indeed, the tide seems to be turning!! If you would like to follow my twitter account you can find a good link on my web site FredAdams.com. The direct link is at the very bottom of the page. I try to post and repost articles and information as I find it on this feed that relate to the national economy and more specifically how it relates to real estate. Prices are still very attractive and interest rates are historically low. As Warren Buffett has recently said "I would say that the single family home is cheap right now. If I had a way of buying up a couple hundred thousand single family homes. . .I would load up on them, it's a very attractive asset class right now. You might find this recent blog of mine describing how foreign investors are flocking to this market interesting, http://www.fredadams.com/realestate/us-home-sales-the-surprise-buyer/ Happy Reading! Fred
About Fred L. Adams:
I have been in full time real estate sales for over 30 years now and still love the profession. The last 20 of those years have been right here in Corvallis. Because of the extensive clientele I have served over the years nearly 90% of my business is by referral or repeat business. I still love working with new clients and invite you to visit my web page at www.FredLAdams.com to view testimonials from a few of my clients. Let me put my years of experience and service to work for you!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
