Is an improving housing market good news for everyone?


Is an improving housing market good news for everyone?
By Scott Rogers • March 16, 2012
photo source: erix The local housing market is improving (sales up, prices up) but as someone pointed out to me earlier this week, that's not necessarily good news for everyone. But I do think it's good news for just about everyone. Certainly, it's good news for sellers -- they're now more likely to be able to sell, and don't have to worry (as much) about their home losing even more value before they sell. Certainly, it's good news for homeowners -- the value of their home now seems to be stabilizing. It's mixed news for near-term buyers -- it might mean that there are fewer deals to be had in the coming months, but since they're buying soon they can console themselves with the realization that their newly purchased property is not likely to continue to decline in value after their purchase. It is bad news for far-future buyers -- if you're not buying for a few years, it is understandable (sort of) that you'd like the market to get worse, so that you would have better buying opportunities. So, what about you? Are you glad the housing market is improving? Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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