It appears that today's market is probably as close to what we would call normal as we've had in a long time.
More Quotes from John Karevoll:
I think we are in a fairly normal market here. The market we are comparing to a year ago was an abnormal market.John Karevoll
In most markets, the boom phase of the real estate cycle is behind us. The market is reestablishing a balance between supply and demand, buyers and sellers.
John Karevoll
I think we are due for even more appreciation in the Inland Empire, but at a slower pace.
John Karevoll
The market was heavily tilted toward sellers for the past couple of years, and the buyers felt an element of urgency and sometimes were making kind of desperate buying decisions. The market today is much better if you're a buyer.
John Karevoll
The prices hit a new record, but the rate of increase at which those prices hit that new record was the lowest in four years.
John Karevoll
When people got into trouble, they could tap into fast-building equity. Now that the equity is not building as fast, there's not as much to tap into in troubled times.
John Karevoll
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