{"id":9690,"date":"2008-07-27T14:10:50","date_gmt":"2008-07-27T18:10:50","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/2008\/07\/27\/home-buyers-realize-that-there-is-good-value-real-estate\/"},"modified":"2019-04-23T20:57:15","modified_gmt":"2019-04-23T20:57:15","slug":"home-buyers-realize-that-there-is-good-value-real-estate","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/home-buyers-realize-that-there-is-good-value-real-estate\/","title":{"rendered":"Home Buyers Realize That There Is Good Value Real Estate."},"content":{"rendered":"

\"existing_home_s_1216953559.gif\"<\/a>\u00a0Statistics won’t always tell the whole story, but they often provide good perspective. The graph\u00a0above shows Existing Home Sales data going back three years.\u00a0 An “existing home” is one that can’t be called new construction; a “used home”, so to speak.<\/p>\n

Note the steep decline from 2005 through late-2007.\u00a0 Since November, however, Existing Home Sales have remained within a very tight range and appear to have reached a flattening point.<\/p>\n

The Existing Home Sales data supports the word-on-the-street from real estate agents nationwide that buyers are returning to the housing market in search of good values. But let’s not forget — demand is only half of the story.\u00a0 There is the supply factor, too, and the supply side of the housing market is showing the same leveling signs as the demand part.<\/p>\n

Looking at the chart of national inventory\u00a0below, the number of existing homes for sale has hovered near 4.5 million for the last several months.\u00a0 No change suggests stabilization.<\/p>\n

\"housing-inventories.gif\"<\/a><\/p>\n

Now again, statistics won’t tell the whole story but there are plenty of positive signals from the real estate market right now, just like there are negative ones, too.\u00a0 This is one reason why real estate data causes so much debate — people want to take an either\/or proposition about the state of the real estate and it doesn’t work like that.\u00a0\u00a0 Throw the\u00a0tightening of mortgage underwriting guidelines\u00a0into the mix and you have fodder for\u00a0cocktail party\u00a0debate.<\/p>\n

Real estate can be simultaneously strong and weak and when it is, buyers look for value.\u00a0 Perhaps this is why the national housing data is beginning to level off after a 3-year slide.\u00a0 There’s good values to be had, and today’s home buyers know it.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Statistics won’t always tell the whole story, but they often provide good perspective. The graph\u00a0above shows Existing Home Sales data going back three years.\u00a0 An “existing home” is one that can’t be called new construction; a “used home”, so to speak. Note the steep decline from 2005 through late-2007.\u00a0 Since November, however, Existing Home Sales<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5395,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"\nHome Buyers Realize That There Is Good Value Real Estate. - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/home-buyers-realize-that-there-is-good-value-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Buyers Realize That There Is Good Value Real Estate. - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"\u00a0Statistics won’t always tell the whole story, but they often provide good perspective. The graph\u00a0above shows Existing Home Sales data going back three years.\u00a0 An “existing home” is one that can’t be called new construction; a “used home”, so to speak. 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