Owner of The Mandrell Company. Real estate investor, broker, coach, lecturer and author.
Real estate mogul and world-renowned shark Barbara Corcoran once said, “A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.” There’s no doubt the real estate market is volatile right now, but there are ways to adjust your portfolio, regardless of the economic climate. Before we can discuss strategy, we need to explore real estate economics generally, the differences between a buyer’s market and a seller’s market, and how certain economic climates can affect lending practices.
A buyer’s market is one where there is more inventory available than there are buyers. The term comes from the buyer having the upper hand in this scenario. For example, there may be five homes available for sale for every one buyer who is looking to purchase in that particular