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  • Other Added - The Bubble Has Yet to Burst on Existing Homes for Sale

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    nd homes for sale inventories rising, the real estate market is moving toward a buyer’s market — but we still are a long way from there at this time.

    The current homes for sale market means that buyers c

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    For months now, the doomsayers have been forecasting a burst in the real estate bubble. The burst has yet to happen. According to data released during the first week of October, the median existing homes for sale price fell in August by 1.7 percent, a first in over ten years of year-to-year pricing. The number of homes for sale has jumped to 3.9 million, which is the highest inventory level since 1993.

    The bubble for homes for sale still exists; however, because jobs, income and interest rates are still in great shape. This means that forecasts are still excellent for this year, which is expected to be the third best year in history for home sales.

    That does not mean that sales figures are as good as last year at this time, when the bubble made homes for sale pricing unrealistically high. With prices coming down and homes for sale inventories rising, the real estate market is moving toward a buyer’s market — but we still are a long way from there at this time.

    The current homes for sale market means that buyers ca

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    ale price fell in August by 1.7 percent, a first in over ten years of year-to-year pricing. The number of homes for sale has jumped to 3.9 million, which is the highest inventory level since 1993.

    The bubble for homes for sale still exists; however, because jobs, income and interest rates are still in great shape. This means that forecasts are still excellent for this year, which is expected to be the third best year in history for home sales.

    That does not mean that sales figures are as good as last year at this time, when the bubble made homes for sale pricing unrealistically high. With prices coming down and homes for sale inventories rising, the real estate market is moving toward a buyer’s market — but we still are a long way from there at this time.

    The current homes for sale market means that buyers c

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    bble for homes for sale still exists; however, because jobs, income and interest rates are still in great shape. This means that forecasts are still excellent for this year, which is expected to be the third best year in history for home sales.

    That does not mean that sales figures are as good as last year at this time, when the bubble made homes for sale pricing unrealistically high. With prices coming down and homes for sale inventories rising, the real estate market is moving toward a buyer’s market — but we still are a long way from there at this time.

    The current homes for sale market means that buyers c

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    st year in history for home sales.

    That does not mean that sales figures are as good as last year at this time, when the bubble made homes for sale pricing unrealistically high. With prices coming down and homes for sale inventories rising, the real estate market is moving toward a buyer’s market — but we still are a long way from there at this time.

    The current homes for sale market means that buyers c

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    nd homes for sale inventories rising, the real estate market is moving toward a buyer’s market — but we still are a long way from there at this time.

    The current homes for sale market means that buyers can take longer to make buying decisions, which keeps many homes for sale on the market longer. There is more competition for owners of homes for sale, requiring different selling techniques.

    The most important thing is to accurately price homes for sale. Too high, and they will remain on the market too long. Sellers must be realistic. Homes for sale owners must begin to look at the “real” price of their home, based on what they actually paid for it and for what price they can sell it. They cannot look at the “paper” equity that was created by the bubble — you cannot lose money that was never real! The only money lost is in “theory,” based on what an earlier, unrealistic market said for what you could sell your property. The only “real” money that would be lost would be if you had to sell a home for less than you paid, a

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