-Is This The Bottom Of The Central Oregon Real Estate Market…?
-Is Now The Right Time To Buy In Central Oregon…?
Are we at the bottom of the market yet & Is now the time to buy are amongst the most common questions Central Oregon home buyers consider when purchasing a home in today’s recovering real estate market. Both questions are related, here is my take on the frequently asked questions…
The bottom of the housing market has been widely reported to have occurred in July/August 2012. Some firms, publications and experts (see the Wall Street Journal Report from July 2012) are even predicting the bottom will be going away soon as prices begin to appreciate. In General, the same holds true in Central Oregon (see why here).
For individuals in a position to invest and wanting to take advantage of the bottomed out real estate market, now is the time to buy. The key for these investors trying to exploit the downed real estate market is to first recognize it, then learn and understand the specific market area they intend to invest, in an attempt to maximize their potential return on investment. The ability to identify and interpret current and historical market trends specific to an area becomes critical in finding quality and value.
The National Association of Realtors aired television ads stressing the differences between individual real estate markets (IE New York City and Central Oregon real estate markets vary dramatically) to potential buyers. Every buyer has to realize this concept when purchasing real estate. As you learn about the real estate market you are interested in you will begin to understand where the strengths, weaknesses, opportunities and threats exist in regards to the market and your investment. Whether looking to purchase a second home, invest in rental properties or are buying your first home, a strong market knowledge balanced with your own objectives will make the time to buy clear for you.
Coming Soon: Learn more about key Sunriver Real Estate trends and find out where the value is (click here)…