Real estate market primed for turnaround
Drayton Tower at the corner of Oglethorpe Avenue and Drayton Street. Richard Burkhart/Savannah Morning News Hardwood floors and a scenic view highlight the space in one of the 6th floor units.
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#1 Jan 2, 2011
My Cincinnati real estate agent said that the market isn't that bad in our area. She has other information about real estate on her blog at http://www.cincinnatilivingonline.com
“I buy homes - Oahu & San Diego”
Since: Oct 10
#2 Jan 2, 2011
I'm not sure I believe yet that there's going to be a turnaround, at least not in the Hawaii real estate market. I expect real estate prices to stay relatively low in 2011, at least through the first half. We need greater and more stable employment and to get through a significant amount of distressed mortgages before we see an uptick in the general market. There are still plenty of people who need to sell their house via short sale and there are a ton of foreclosure / REO properties that have yet to hit the market. We need to help these people get their short sales done, but these types of transactions do keep the market down because short sales usually sell at discounted prices. Beware of certain information sources, especially those telling you to 'buy, buy, buy'.
#3 Jan 3, 2011
Do you believe in fairy tales?
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