Tuesday, November 2, 2010

The Holiday Real Estate Market:

From Halloween through the first few weeks of the New Year, it is the perfect time to buy a home. On November 1st we quickly transition into the Holiday season as we are bombarded with festive jingles prompting us to purchase gifts for our loved ones. With all of the election hoopla just about over as well, people can’t help but divert their attention to the wonderful distractions of the holidays. Housing is no different. Many home-buyers sit on sidelines and enjoy the season, only to resume their home search just after they forget about their New Year’s resolutions. This is the time of year when housing demand drops, the expected market time climbs and competition wanes. Home-Sellers get it as well. Many homes have been on the market for months and many owners just don’t want to market their homes during the holidays. Others come to the realization that they may have been unrealistic in their expectations of the market and have inadvertently overpriced their homes. This is the perfect time to throw in the towel and pull those overpriced homes off of the market. Typically only the really motivated sellers who have to sell remain on the market. With less competition, low interest rates and highly motivated sellers, it is a great time to be a buyer. As 2011 rolls along, typically right after the Super Bowl, the market will transition into the Spring market, cyclically the best time of year for Orange County real estate marked with strong demand. If a buyer is looking to buy, ‘tis the season to purchase now!

This article was written by Steven Thomas, President of Altera Real Estate and was provided to you by the Surf City Kahunas of Real Estate: The Louison Team.

Raymond and Stephanie Louison
714-925-5361 or 714-307-2934
Altera Real Estate - Huntington Beach Office

All information deemed reliable, however not guaranteed!

No comments: