There’s a saying in the investing world, “the trend is your friend.” What this means is, if you know the trend, you may have a glimpse of the future. And, if you know the future, you can make some very smart decisions.
If you’re considering buying a home in Redding it would be helpful to know the trend. And sometimes, it pays to look at the National trend too. Why, because the National trend dictates policies and policies affect interest rates, taxes and many other key components that control how we as consumers feel about buying stuff, specifically a new home.
A survey taken by RISMedia on March 14, 2011 has produced some noteworthy stats, let’s have a look.
Almost 70% of the sellers and home buyers surveyed said they thought the housing market would recover within the next 1 – 2 years. A large group of sellers and buyers totaling 86% of the 1000 plus surveyed believed real estate was still a good investment.
Of those surveyed, six out of ten respondents said they’re ready to buy and the majority of those surveyed believed they would be getting a better deal as a result of the dramatic fall in home prices.
In summary, the survey coincides with my experience working with Redding home buyers. It’s my opinion, the prices of homes in Redding are at the price level that many buyers that had been previously sitting on the fence are now actively looking to buy. And why shouldn’t they. A young couple that I’m working with have a home in escrow right now. When their house closes in a couple of weeks, their house payment will be less than their rent payment. In my book, that makes the decision a no brainer.
You’re welcome to check out Redding home prices by searching the Shasta County MLS yourself. If you’re a home buyer, I think you’ll be pleasantly surprised.
Survey data source Source: “Americans Confident in Recovery of Real Estate Market,” RISMedia (March 14, 2011)
By : William Parsons, Broker of Parsons Realty