In your own opinion, is the housing market growing, declining, or neutral?

Asked by Carl Hanchey, Deridder, LA Mon May 6, 2013

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9
John Souerbry, Agent, Fairfield, CA
Mon May 6, 2013
BEST ANSWER
How do you measure growth or decline? In terms of prices, home values in the San Francisco Bay Area are escalating quickly (many say TOO quickly). In terms of market activity, the housing market is definitely declining. Even though prices are scooting up, homeowners aren't selling and the small transaction volume is making it difficult for sales professionals to stay in the black. Many large offices are seeing their monthly transaction count trending down relative to last year.
1 vote
Dorene Slavi…, Agent, Torrance, CA
Tue May 7, 2013
Demand is strong and growing but not in all price ranges. In my professional opinion, the demand for homes over 1Million is not as strong as what it is for homes in the 750,000-850,000 price range that are located in high demand neighborhoods.
The number of homes on the market in this price range is much smaller then the demand. If I could get a new development, with beautiful single family homes,in a great established neighborhood in that price range..they would sell immediately.
0 votes
Scott Godzyk, Agent, Manchester, NH
Tue May 7, 2013
In NH the amount of homes in the market is down sharply, there is a steady pace of buyers purchasing. Foreclosures and short sales are down, values are coming up but interest rates are at rock bottom which is encouraging more buyers to buy.
0 votes
Jeanne Feeni…, Agent, Basking Ridge, NJ
Tue May 7, 2013
Ditto here in my area of New Jersey. Although we are not back to 2005/2006 prices, the pace of sale is just as brisk as it was then. Prices are rising and supply is definitely an issue.

Best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
0 votes
Terry McCarl…, Agent, Cape Coral, FL
Mon May 6, 2013
In Cape Coral, FL our prices are steadily increasing and inventory is steadily decreasing.
0 votes
Joan Lorberb…, Agent, Boca Raton, FL
Mon May 6, 2013
In my beautiful neck of the woods (Palm Beach County, Florida) activity has been growing for some time now, prices are increasing and inventory is declining. To use your terms further . . . there is nothing neutral about the market here.

JOAN LORBERBAUM MOORE
Broker Associate, GRI
Lang Realty
9858 Clint Moore Road
Boca Raton, FL 33498
0 votes
Ann Ryan, Agent, Doral, FL
Mon May 6, 2013
The volume of transactions is still low, but prices continue to appreciate. I think it will be 5 years before the market completely normalizes.
0 votes
Bill Eckler, Agent, Venice, FL
Mon May 6, 2013
As Phil says, it does depend largely on the location but generally most involved either directly or indirectly with the housing industry are seeing increased activity, increased new construction, decreased distressed sales, and decreasing inventory.

On the whole, from my perspective, these are good indicators of a growing market that remains vulnerable to any major economic shift. Are we out of the woods? This still remains to be seen......

Stay tuned,

Bill
0 votes
Phil Rotondo, Agent, Melbourne, FL
Mon May 6, 2013
It really depends on the location; so the answer is yes.
0 votes
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