The Avalon Team Blog

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The Current Market

The media feeds us with bad news everyday, including news about the Real Estate market. The media says it's a terrible market and the bubble burst, but they don't give actual data or numbers to support their claims. IF they looked at the real numbers, they would be reporting that it is a normal market with homes selling and people buying. But that sounds boring, so why would they want to report that. They don't, the media only reports the extremes. If the media started interviewing full-time agents, like the Avalon Team, they would get the real story. Homes are selling and people are buying. Luckily, every once in a while the newspaper puts out stats on the Real Estate market. Like the article a couple weeks ago that showed all the zip codes and their appreciation from 2002-2007! It was awesome! Homes appreciated at record numbers like 70%-110% in those 5 years. Then they showed the depreciation from 2006 to 2007. Homes in some zip codes appreciated 3% and some were only negative 5%. If you look at those numbers, the Real Estate market is great! It is a great time to buy, because prices are competitive and there is a lot to choose from. You can get whatever you want in a home right now. Why wouldn't you buy? Now is the time to invest in Real Estate and your future.
5 commentsAvalon Team • November 13 2007 11:16AM