How's the Real Estate Market?

"The Goldilocks Market: Just right"...

The housing market: "Not too hot, not too cold," an expert reports.

Giving his perspective on the national residential real estate market, Ron Peltier, HomeServices of America chairman, referred to the first 8.5 months of 2017 as a “Goldilocks” market, according to rismedia.com.

“It’s not too hot, it’s not too cold…it’s just right,” he explained. “Although it’s very hot in unit-driven markets or entry-level markets where there is no inventory.” 

In fact, keeping with his movie-title theme, Peltier referred to the entry-level homebuyer market as “gone in 30 seconds. Conversely, we’re seeing a very slow marketplace in the luxury market as it relates to units,” he added.

For more on Peltier's comments at RISMedia's 2017 Real Estate CEO Exchange last week at the Harvard Club in New York: http://rismedia.com/2017/09/17/state-real-estate-good-bad-ugly/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews#close

Photos: Giphy.

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