Palms To Ponderosas
It’s true of real estate in virtually all parts of the country from Palm Beach to Palm Desert and points between even some places like Chicago real estate or Basking Ridge offerings, real estate is on the upswing in the US but some markets are starting to exchange the heated real estate sales pace that brings back memories of 2004 and 2005 for more measured markets with price stabilization and increased inventory and days on market, in other words the market is cooling down now and larger investors have pretty much finished getting into their positions and now they will turn to rentals or resales and smaller investors still entering into what they see as an opportunity market are probably going to get burned a little or more likely, a lot.
Meanwhile prices are still decent in some areas like Vero Beach or even Palm Beach Gardens but interest rates are up making some real estate unaffordable for families that are often seeing life with new realities of lower incomes and tighter budgets amidst rising consumer prices including the real estate in their area. This means that buyers for areas like Anaheim real estate markets in California had better show up with a sizable down payment and the ability to handle appreciating taxes and cost of living as well as a routine mortgage payment that is not for the faint of heart.
Realtors who can get listings and homeowners who are reasonably priced are the winners here and not a lot of other people not already situated can expect a big win in the current real estate environment.