What are the trending searches for buyers today? Well with the market shift of the last few years, they have changed the top preference. No longer is the area location of top priority. They may start out with a wish to be in a certain location, but with time migrate to other places with the type of property that satisfies their wants for either a great price or gigantic home with lots of space.
Now I don’t think that they have given up on wanting to live in a desired area, I do believe that with the options out there for residential real estate, the location falls to a great deal.
The real estate market is changing daily to adjust from the old ways of thinking. Two or three years ago there were hot market areas and the “subdivision to be in”. As time has passed what goes around comes around. Some of those hot homes are now coming back out on the market again with drastically reduced prices. The short sale – foreclosure market is forcing new prices and bringing those homes some only dreamed about into their comfort zone.
The one statement that I have always held on to when I went to Real Estate School was “Real Estate is always Cyclic”, nothing today will be the same tomorrow. Kind of makes sense now.
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