Buying or Selling a Home- Part 2

The real estate market is unpredictable. You never know what is going to happen the next day. The majority of the real estate economy is the process of selling or buying a home. Currently, the housing prices have dropped significantly from the past year, and the interest rate seems to be lowering. In the article from buy-and-sell.com it says, “In most markets today, buyers can purchase a home for at least 5% below the asking price. Some buyers can even purchase homes 10% under the asking price.” In addition to that, here in Seattle the prices have dropped on an average of 5.7%, according to housingpredictor.com. Some may think, the real estate market is going thru a tough time, and buyers fear a financial crisis and are not willing to make any big purchases. For me personally, I believe the complete opposite. Our family business has always been in the real estate market and making homes. As of right now, we are selling our houses cheaper than last year. However, the material prices have lowered, making it the same profit we had been making when the real estate economy had been “flourishing.” Overall the economy may have seemed like it stalled, but people are still making money and houses are being sold.