The Domino Effect On The Real Estate Market

I do not know about you, but every day I wanted to check the MLS to see homes in my area of ​​work. I look at housing prices as a stock broker looks at the stock exchange every day, just as Wall Street Journal and Bloomberg News to use as a guideline, we are in real estate don `t

Stock Brokers using graphs and diagrams in the form of the opinion that the market will rise or fall. They see the form and give it terms such as "cup and handle", which means that they see the market dip and wave in the formation.

It was mentioned during the past 10 months, I watched 'what we call the "domino effect" take place in the real estate market.

We `re starting to notice the homes that are priced significantly higher finally see that there are no buyers at this level and once they` re setting their house prices!

in Miramar, Florida, for example, I `ve carefully watching the one area in particular is called Silver Lake. This area is worth mentioning, because for a few months of Realtors that farm this area continues to tell their clients to "lower it" isn `t an option, they felt that talking to the dealer` re homes at a higher level in ćesvetost neighborhood.It `the "Old School" mentality.It `s not working, and retailers are realizing that!

Many of these Realtors have seen their listings to expire in some cases, sellers are on the 2nd, 3rd or 4 Real estate companies.

domino effect is in "full swing".
Here are some examples of such `s occurred in this neighborhood.

1-18072 SW 29th LN.Miramar Florida. It is 4bed, 2BA, 2CG. Home is listed on the market since 10/17/2006.The original "List Price" is $ 424,900. Today it is a home listed at $ 395,000.

2-18128 SW 24th ST. Miramar Florida.This is 4bed, 2.5b, 3CG. Home is on the market since 11/10/2006.The original "List Price" is $ 639,000. Today it is a home listed at $ 549,900.

3-2108 SW 176TH TE.Miramar, Florida.This is 4bed, 3ba, 2CG. Home is on the market since 2006/09/08.Izvorni "List Price" is $ 573,000. Today it's home is listed for $ 490,000.

4-3555 SW 174TH DR.Miramar, Florida.This is 5bed, 3ba, 3CG. Home is on the market since07/03/2006.The original "Price" is $ 775,000. Today it's home is listed for $ 664,900.

5-3545 SW 174TH DR.Miramar, Florida.This is 5bed, 4BA, 3CG. Home is on the market since 05/04/2006.The original "List Price" is $ 799,999. Today it's home is listed for $ 689,000.

The examples above show that the market is slowly separating from being at a level where the actual sale price was too high for the neighborhood.

Some of these homes were on the market much longer than it should be indicating that sellers still need to convert their selling prices to compete.

It doesn `t necessarily mean that their not the" Great Houses "it simply means that something like a game of Domino in the end must be given in order to sell them.