So today was the day. It was a day I have been waiting to hear about for three years. Today, on the national news, they finally said something good about the Real Estate Market. They said that last month Real Estate sales were up 5% nationwide. They said that they think the low prices and the low interest rates are bringing the buyers back into the market. I figured the Democrats must feel like they won the election for this to come out in the main stream news 10 days before the election! Maybe they are starting to feel a little guilty about scaring the heck out of every day Americans telling them our financial world is coming to an end and causing a potential disaster. Maybe they can say this and that the Democrat portion of the Bail Out is working. That must be good for Obama....right? Who knows.
I do know I was in shock when they said this today. The media has not wanted to talk about anything positive for so long, I didn't know they had it in them! So here we are, maybe the beginning of the new Real Estate market. Tell your customers and tell your clients. Tell your neighbor and tell your families. The Real Estate market is coming back and we are all going to be busy and happy again! Yippie!
I hope you are all as excited as I am about this announcement. It's the beginning of the next session!
Mitch~ Yippie! I Love The Announcement that The Real Estate Market it coming back! And YES, we are all going to be happy and busy again!
We'll see if it is a trend or a blip. We'll also see if the elections change the direction...
Evening Mitch, I also heard several promising news items. Here's hoping we get back to normal ( whatever that is ! ) !
I"m hoping it's more than a blip. It's hard for us to take on the negative news all the time as we know that consumers are followers. If the news tells them to jump...they jump. Hence the decline of our housing industry. Sure we were destined to have a slow down in the housing market. I believe the media fueled the pain by creating it as a housing crisis.
Let's keep our fingers, toes, arms, legs and eyes crossed that we are on the upswing toward more fun and success!
Mitch,
Thanks for the post. As you know we had the experience of contributing to the increase in sales. The media is just catching up. However, since the average consumer buys into what the media says, it doesn't hurt to have some positive reinforcement, of what we already know.
Mitch, sales in my market have been up for 3 months straight. We've gone form 35-45 closings a month to 55-65 closings. That's a pretty large increase. Most of this is related to the huge amount of REOs that are hitting the market. 80+% of these closings were distressed properties and because of this the values are continuing to decline. Good news for buyers, terrible news for sellers.
Bryant - We have stayed stable but our prices are down dramatically over last year and in some cases, half of where we were in 2004. Our average sales price is around $160k.
William - Did you get the website review I did for you? I didn' hear back from you. I think most people are finally starting to understand that our media is half the problem with our country. They have no accountability. Fortunately for us, people are making up their own minds and have started realizing that this is a great time to buy!