Real estate veteran and author Greg Rand identifies five trends that could help Realtors, buyers, and sellers avoid the pitfalls of a down market. “The secret to making sure your real estate doesn’t turn into a money pit is to watch the trends so you can predict where the prices will rise and where they won’t,” he says. Rand explains that people should watch for overcorrections and overdevelopment in certain housing markets and monitor employment trends to determine where companies are setting up shop. They also should pay attention to lifestyle issues, such as climate and cost of living, to gauge market shifts. In addition, they should keep an eye on local governments to determine whether laws reward or punish entrepreneurs who take risks. He adds, “It comes down to the idea that no matter how the markets change, no matter which way the winds shift, people will always need a place to live.” | Read More

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