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Timing The Real Estate Market

Timing The Real Estate Market

Timing The Real Estate Market

Timing the real estate market like timing the stock market is easy to talk about but hard to do in practice.  Even those “experts” in the field while offering predictions rarely will offer guarantees as to performance.  For the average real estate buyer or seller, trying to time the market may cause more pain than any gain.  Instead buyers and sellers of residential or investment real estate need to look at their current needs and the financials in order to determine if it is the right time to buy or sell as this article explores.

Why Trying to Time the Real Estate Market May Be a Mistake

Trying to time any market for maximum profit can be a mistake as usually it is difficult to do.  It may be easier to sell during a long term down trend or long term up trend and make some money.  Trying to sell at the high or low for maximum gain can be appropriate where the real estate is for investment purposes.  It may be that the price has reached a point where it makes sense to sell and invest somewhere else.

The homeowner hoping to sell while prices are high and then buy when prices reduce may find themselves losing money overall due to high transaction costs and getting the timing wrong.  If the homeowner has a reason to sell/buy, like downsizing, upsizing, change of job, etc. then it makes sense to sell and consider everything together.  A home should be viewed as something one lives in and not as an investment meant to make money.  When it comes to paying interest on a 30-year mortgage, paying for maintenance and upkeep...

July 2022 Greater Cincinnati Luxury Real Estate Market Report

July 2022 Greater Cincinnati Luxury Real Estate Market Report

Median price ticked down a small amount and the average days on market increased by six days.  Total quantity of luxury homes that sold did drop by 22%.  Whether this trend holds remains to be seen.  Mortgage interest rates have settles in the mid-5 range for convention mortgages.  For jumbo mortgages rates are also in the mid-5 range for a 30 year fixed mortgage.

July 2022 Greater Cincinnati Luxury Real Estate Market Report

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