Thursday, June 29, 2006

Cedar City Real Estate

Hi,
Its been a while since my last post about the current market conditions. Currently we are swinging from a sellers to more of a buyers market. Homes are taking longer to sell and are no longer selling at above appraisals. I think this is a healthy correction for Cedar City and is nothing to worry about. Cedar City Real Estate is still a very good investment.

While the rest of the nation cools we are still seeing lots of buyers interested in moving out of Las Vegas and Southern California wanting to move to Cedar City. This should be enough to keep the market growing. When I say the market is slowing, I mean we will not see 30% gains in the home values that we saw from 2004-2005 ect. You will still get good growth in the value of your home. Another factor we must consider is interest rates. They are on the rise, this means that peoples monthly payments will be higher for the same loan amount.

There is some good news, if you price your home appropriately you can still sell your home! We still have buyers they can and are just more picky then previously. The days of multiple bids ect are unfortunately over and we are coming back to reality.

I hope this update on the market is helpful and if you would like to view homes for sell in Cedar City or surrounding areas please visit my website ---> Cedar City Real Estate Agent
Or you are more then welcome to call me anytime at 435-531-3063. I look forward to doing business with you.

1 Comments:

At 7:58 PM , Anonymous Anonymous said...

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