Company wide convention with approximately 10,000 agents and lots of information about trends, interest rates, pending foreclosures, inflation etc. After reviewing so much data the first day, I thought about how to boil things down. For sellers: Homes are selling regardless of the amount of inventory. It may take longer but they are selling. Luxury inventory has gone from a 48 month inventory to 14 months. To sell in today's market buyers have to feel that a seller's home, compared to other properties has value and is fairly priced. For buyers: Now is a fairly good time to buy and in fact, may be one of the best times because we are still at historically low interest rates, but that will not last much longer. Once rates start to creep up, the cost of that home will go up even though the purchase price may not reflect that. The money will just cost you more!
This is Dave, from The McLaughlin Group, keeping it real in real estate!