I just about flipped today when I heard a reporter on MSNBC report that January sales were at a 12 year low because buyers are waiting to hear about government programs and they don't want to buy. And, guess what, the Northeast is the lowest. Helloooo............sales in January are contracts from November/December. Sales are ALWAYS slow in November and December, paricularly in the Northeast. The buyers in the Northeast aren't particularly worried about anything other than their jobs.
If they have a job and realize their job is secure, they are buying!
Yes......buyers are reluctant, but, guess what? The buyers are out there. A huge part of the problem are the cobrokers who are less skilled at selling in this market, so buyers are receiving less good advice about what constitutes a good sale. However, I have been way busy....which I would expect this time of year.
No more GLOOM and DOOM! If you want to buy, do it now!!! You will be sorry this time next year.
Showing posts with label market conditions. Show all posts
Showing posts with label market conditions. Show all posts
Wednesday, February 25, 2009
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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