Is the Market Beginning to Stabilize?

NAR’s release of pending sales for the month of May indicates there may in fact be a renewed confidence in the market.

The previous months have been up and down but mostly down, the experts in real estate believe that the market could recover as much as 15% to 20% if banks and lending institutions would stop the prohibitive lending practices and once again lend to credit worthy individuals. Federal guidelines have been taken to the max and good people with good credit are being refused loans.

Of course the overall economic picture needs to increase before the real estate market will truly stabilize. Yun indicates that job creation is one of the critical components needed right now.

About the author

Sherry Fields Sherry Fields has been working in real estate since 2002. Working with the development team for the Hilton Garden Inn gave her strategic information on the commercial real estate market in Missoula. Broadening her scope she moved into the residential market and earned the designation SFR in short sales and foreclosures. Currently affiliated with Prudential Montana Real Estate, she works with both buyers and sellers "building relationships so you can buy & sell with confidence". Sherry Fields has recently earned the CREN designation - Certified Real Estate Negotiator. While price is a large part of negotiation - it is also about timing everything from the closing date to inspections, appraisals, home insurance - and it is about negotiating items that can show up in home inspections to achieve a mutually acceptable outcome.

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