Forecasting Into The Future

Nobody foresees prices skyrocketing this year in cities like Chicago the way they are expected to in Riverside, California, and other big markets. Cities like Chicago have been unusually slow to work through its pipeline of foreclosed properties and because the city’s and state’s fiscal problems have made some people leery of investing in real estate.  However, we have seen Carson City and Reno recover much faster from the incident formerly known as "the bubble that burst". 

Two years ago the market was full of low priced homes that included foreclosures and short sales.  Buyers had so many options that it was in fact too overwhelming for first time buyers.  They had too many choices and then just decided to wait until "after the holidays" or "after the kids get out of school for the summer".  So they waited and when the time was right, we ventured out to look at houses again.  But unfortunately the supply went from many to none.

Starting late in 2012, our clients now had little to no options. Inventory was low and homes were selling within a couple hours of posting on the MLS.  Although pre-qualified, it was the all cash buyers who were trumping the competition.  We still rained victorious for our clients.  There are several ways in which we can win bids on properties that become multiple-bid situations. 

We can help you also, we can get you into the property of your dreams today.