Real Estate Agents Risky Business

By Ryan Jackson

Many not all, but many real estate agents always say it’s a “great time” to buy a home or other real estate. If the U.S. real estate crash buying a home has taught us anything it’s that timing is everything buying property and any other investment for that matter. Nonetheless, there are agents touting there expertise that the “great recovery” is underway and it’s time to buy, risky business for real estate agents who at least hope to have a business of returning clientele.

Why should people believe an internal study offered by Southern California real estate firm Secured Capital Partners, which says “that all signs point to the real estate crisis having finally bottomed out?”

There are even signs of a return to home bidding wars and increased housing starts in places like Phoenix, Arizona, which saw home values peak at the highest median value in the U.S. during the bubble.

The data collected by Secured Capital Partners, a firm that specializes in buying undervalued properties and turning them over for a profit thinks it has the market figured out, at least in California and Arizona.

“After some trim years when real estate was a buyer’s market we are poised at the tipping point,” said real estate agent Jameson Rodgers. “Market areas are starting to flip as the economy returns and people start gaining confidence. Now is the key moment for investors to get in and make a real profit.”

There’s no doubt that is exactly what Rodgers and Secured Capital Partners hope to do, but if it were that easy the critics say why wouldn’t everybody be jumping in to buy now?

More than 7 million foreclosures might be the answer since the real estate crash.

Another real estate broker is more at ease with the current market, explaining housing markets ups and downs are part of the cycle. “The duration of each general cycle in the real estate market typically lasts 8-10 years,” said Jonathan Dieguez, founder of New York based Absolute Capital Homes.

“Considering housing prices hit their peak in 2007, history would state that by 2017 we should expect a turnaround.”

Housing markets throughout the U.S. are after all rebounding in some regions of the country, including some of the hardest hit cities like Miami and Tampa, Florida where prices are also rising.