OK. I think we are in a recession. I am no economist, but I am a consumer and a small business owner. I think folks have taken their money and gone home. At the very least they are warily looking about for the great deal, the highest and best use for their hard earned dollars. This is the good news.
According to Ben Stein, "in a recession in this era, more than 10 million men and womenwill need cars and trucks. Many millions will need new homes. ....even in a recession, there are plenty of people with money to spend." (Rethinking the Recession, January 17, 2008, Yahoo Finance)
He goes on to write," Those who tend to their work, who get to the office or showroom or shop early, stay late, work hard, stay on the phones dialing for deals ....will make money. Those who stay sharp and make a point of befriending their clients will make money. Yes, some extra effort will be needed, but it'll pay off."
Stein reminds us that that there are always going to be recessions and they always end. The economy is adjusting to "move onto a new plateau."
Listen to Stein and "Stay hungry. Work harder. Dig deeper. Keep investing....You'll come out all right on the other side."
Get to it!!!
Sunday, February 10, 2008
Saturday, February 2, 2008
Buyers are coming out of hibernation!
Maybe we are in a recession, or maybe not, but the showings a re picking up and the offers are coming in! With the Fed Rate at 3% and the inventory plentiful, buyers are CRAZY not to get out there and make their dollars go further!
The most recent report from MREIS indicated that prices have come down over the state. While one will not see the huge drops in value seen in the speculative markets of Florida, California, and Las Vegas, there are still good values out there. These values will not continue indefinitely!
2001 to 2002 saw a recession after the tragedies of 9/11. Within a year after, the housing market started to pick up and soared into the stratosphere. By 2005, the sky seemed to be the limit. With the slowdown of 2006 and 2007, it only makes sense that prices will begin to increase again. The analysts are predicting a bottoming out this year.
If you have a house with equity and want to buy up, now is a great time to take advantage of the opportunity. If you are a first time homebuyer, now is the time to get into the market. YOU will NOT be disappointed!
If you must sell for whatever reason, get yourself a professional REALTOR who knows the market and get priced competitively. Your house will sell!!
The most recent report from MREIS indicated that prices have come down over the state. While one will not see the huge drops in value seen in the speculative markets of Florida, California, and Las Vegas, there are still good values out there. These values will not continue indefinitely!
2001 to 2002 saw a recession after the tragedies of 9/11. Within a year after, the housing market started to pick up and soared into the stratosphere. By 2005, the sky seemed to be the limit. With the slowdown of 2006 and 2007, it only makes sense that prices will begin to increase again. The analysts are predicting a bottoming out this year.
If you have a house with equity and want to buy up, now is a great time to take advantage of the opportunity. If you are a first time homebuyer, now is the time to get into the market. YOU will NOT be disappointed!
If you must sell for whatever reason, get yourself a professional REALTOR who knows the market and get priced competitively. Your house will sell!!
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