Richie Alan  Naggar, agent & author  (people first...then business Ran Right Realty )

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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Yes, our industry is cyclical but I do not have a crystal ball. A reputable appraiser in my selling area stated the local market is doing quite well. 

Apr 30, 2020 07:04 AM
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Richie,  I read this and hear gloom and doom.  If there is a reason to sell - then sell.  If not, then no need to create more fear in the minds of people. 

The market will shift. History repeats.  When will it shift?  Only time will tell. 

Apr 30, 2020 06:54 AM
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I think this will currently depend on how far behind homeowners get on their mortgages and the attitude of the lender towards repayment 

Apr 30, 2020 06:46 AM
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I view every swing in markets as a buyers market. When in an upswing buyer run the price up. In a downswing, buyers run the price down. 

Apr 30, 2020 08:41 AM
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Business is indeed cyclical. Here in Tampa Bay we can always count on the snowbirds buying condos so they can live where they vacation. And we all look forward to the boom during the baseball spring training season. And now we are anticipating the pre-summer, sell before the inventory grows season.  All this anticipation has compelled me to visit the pharmacy for more Pepcid.

Preppers are saying, 'I told you so," as the rumblings of food supply disruption reverberates. Economist are saying, "You can not increase the national debt 4x in 4 months without REAL consequences. Nancy says, "it is Christmas all year in DC. We will fix the debt with a balanced budget ...later."

Many businesses are NOT coming back. I watch the commercial equipment boards and see lots of nearly new, commercial and industrial equipment for sale, Going out of business sale..  They need cash now and will settle the debt in the courts.

The near future opportunity is for INVESTORS.  Citizens are going to feel the pressure and becoming increasingly desperate.

And long term, the most reliable source of spending money for the gov't is taxing real estate. After all, they know where we live.  And that big apple will be eyed as the best way to balance the budget.

A good, really good argument could be made to maximize ones liquidity today to capitalize on opportunity tomorrow.

Apr 30, 2020 08:21 AM
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

The truth about real estate is that who intend to buy or sell do...the rest is mythical...A

Apr 30, 2020 06:52 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Time for fence sitters to get off the fence.

Apr 30, 2020 08:53 AM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Those who attempt to time the market are largely unsuccessful. If a homeowner has a good reason to sell, then they should sell.

Apr 30, 2020 08:34 AM
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467,310
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Our Phoenix market is moving from very, very active with few listings to a more balanced one with more listings. And days on the market are not unusual.

Apr 30, 2020 08:18 AM
Rainmaker
999,599
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Q3 2021 we'll see the shift. I said it here, thank  me later. 

Apr 30, 2020 09:32 AM
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Today is a sellers market & I don't see that changing for at least a few months. We've got buyers buying so that's where I'm heading also.

Apr 30, 2020 01:11 PM
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

My crystal ball is broken Richie Alan Naggar . Currently all I have is my home and I'm not selling as I need a place to stay.

Apr 30, 2020 11:46 AM
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Why sell into this market? The only reason might be to convert to renting, but not while carrying a mortgage on a home that is not selling.

May 01, 2020 08:29 AM
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3,563,639
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Markets have their cycles and buyers and sellers have their needs. Sometimes they are not in sync!

May 01, 2020 05:19 AM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I apologize, Richie, my crystal ball is broken!

Apr 30, 2020 08:16 PM