Prices and Demand – 2 steps process

Jun 25, 2012 | No Responses

WRAR President Ashley Garner talks about the 2 step process the market has to go through before prices will start to appreciate. At the current time WRAR statical numbers for volume has increase from last year but prices have continue to decline. Since prices are declining buyers have started purchasing if they have the cash or the ability to get financing. The concern of a second wave a foreclosure could increase inventory and continue to put pressure on prices which will continue to decline. Hopefully, we will have a minimum wave of these foreclosures/short sales so that prices can stabilize and by 2013 start to show some appreciation. Check out Ashley Garner’s youtube speech. http://www.youtube.com/watch?list=HL1340627881&v=wec8wMh29P4&feature=player_detailpage

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