The surge of flippers and investors has dwindled, prompting a housing market slowdown, but some real estate markets are doing well without them, Century 21 CEO Tom Kunz told USA Today. “We’re starting to see movement," he said. "The Carolinas are very strong and down around Atlantic City. The Midwest, you’re not going to see blazing increases we saw in the last few years, but it’s steady. Texas is strong.” And the weakest? “Florida is still in a weak position. … Las Vegas is still a bit of a weak market.”
Would Kunz sell his own home in this market? “Sure. I think there's this perception that people wait for a good market to sell their homes. Most people buy or sell because of major events taking place in their lives: births, deaths, marriage, divorce. No matter what the local real estate market is doing, having a job change as I did three years ago, going from California to New Jersey, I had to buy a house and sell a house. "I may not get as much for the house as a year ago, but when I have to buy something else, it's not going to cost as much as a year ago. It's a good move-up market,” Kunz says.
Source: USA Today, Noelle Knox
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