Monday, November 20, 2006

Turnaround Hinges on Pricing

Our inventory is leveling out. Rates are great! Jobs are in abundance. And yet everything the Buyer's read from the Idaho Statesman regarding our housing market is negative. Our Buyers will continue to be weary to make a purchase until the Idaho Statesman's forecasts take on a more favorable light. Sellers just need to hang on and remember that price does cure all.
Sellers need to abandon unreasonable expectations about the value of their home. After all, most home owners have enjoyed substantial equity gains on their property during the real estate boom over the last few years. Cutting prices won't wipe out their gains.