Frank Rubi, FrankRubiRealEstate.com (Frank Rubi Real Estate, LLC)

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Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

I think the lower price points in our area are having a better sellers market

Apr 13, 2015 11:07 AM
Rainmaker
3,985,771
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Inventory is very very low...end of story

Apr 13, 2015 10:32 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Homes are getting more expensive.  Wages are not keeping up.

Sep 26, 2018 06:53 AM
Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

This is true for our market, too.

Apr 17, 2018 10:32 PM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Lower price points tend to move more quickly

Sep 14, 2017 04:28 AM
Rainmaker
280,449
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

The first time FHA buyer is at a definite disadvantage.  The sellers have multiple offers coming at them and theres usually one or two that are cash.  3.5% down doesn't stand a chance.  It's sad. 

Apr 14, 2015 03:07 AM
Rainmaker
175,464
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

Yes, they are hard to find.  I believe part of the reason(S) why is in 2012 Tucson was named one of the best places to buy an investment property.  The investors swooped in and bought a lot of properties cash.   They have slowed down but even today the 1st time home buyer in Tucson AZ is competing with other home buyers, investors looking to flip, to rent, parents looking to buy for their U of A student (vs no ROI paying for small dorm), second and third home buying winter vistors (some refer to as Snowbirds), and etc.   I see less REO and Shortsales compared to like 2009-2011.

Apr 13, 2015 11:43 PM
Rainmaker
869,401
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Credit and Price Point not an issue.

That statement is not in alignment with the challenges facing affordable housing or first time buyers.

If credit and price point is not an issue, then the entire issue is your buyers are timid. They have to see three dream homes sold to someone else then they will get serious. 

It sounds like your issue is not inventory, but buyer education, especially if credit and price point is not the issue.

You mention another issue...negative equity and getting a portion of the market moving. That is OUR job and lends it self nicely to the invisible market.  Find those communities that had great sales volume in 2004-2005, and volume has not recovered and there lies your solution. (read some of my AR blogs and pay attention to the DATA that is included.)

Apr 13, 2015 10:31 PM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

There are many townships with affordable homes in my area.

Apr 13, 2015 09:40 PM
Rainer
368,026
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

thats the way its here in phoenix in some areas now , great question

 

have a super month Frank

Apr 13, 2015 03:58 PM
Rainmaker
2,441,966
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Yes, we have very limited homes to show.  Even the expireds are few.

Apr 13, 2015 01:52 PM
Rainmaker
3,333,715
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Frank, affordable housing are limited in my area as well.

Apr 13, 2015 12:58 PM