We’re turning the corner in the Southern Oregon real estate market. Here’s why:

Those of you who follow the news have probably heard that unemployment claims are at their lowest numbers in months. Add to that, a stock market rally last week that sent the DOW over 10,000, it’s highest level in over a year. And as of this writing, the DOW continues to rise.

So how does this good news in the markets effect real estate?

Historically, a rise in the stock market occurs 6 to 9 months before a significant upturn in the real estate market. With a reduced inventory of homes available for purchase, these indicators support the belief that real estate prices are turning the corner and will soon begin a noticeable rise. And yet despite the trends, false rumors continue to circulate throughout the Southern Oregon real estate market.

There are those who believe that most Sellers are currently in a position where they need to sell, but to be accurate, Sellers are currently in a position where they want (not need) to sell. The real estate chess game is currently underway, so for Buyers and Sellers both, beware of unconfirmed information and don’t fall prey to false rumors. Instead, seek the consultation of a real estate professional who is in touch with local market conditions and can offer sage advice instead of fueling the rumor mill.

Michael Masters

A Socially Conscious Real Estate Consultant

     

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This entry was posted on Wednesday, October 21st, 2009 at 9:00 am and is filed under the category Grants Pass Real Estate, Green Real Estate, Michael Masters, Real Estate, Southern Oregon Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.