January Updates

If you've kept up with the news lately the only thing you seem to hear is that the real estate market is really depressed (bad). I would agree that some of the things you read or hear are true but most are exaggerated to sell newspapers and to capture a listeners attention. It should be no surprise that the market would level off at some point, The surprise is that no one (no one) predicted that there would be a downturn that affected so many people. The economists are not always right either.
This is my prediction - Now the economists are saying that 2008 will be another
poor year, with foreclosures up, inventory high and new construction in the tank.
Well, I already see rumblings that this could be a better year. First of all, Buyers are more aware that there are bargains out there. They also realize that the interest rates have come down (5.85%) if you have a good credit rating.
Sellers who need to sell will always be with us. Either they are forced to sell or they simply choose to sell in this market. Retirement, Downsizing, Relocation etc. are all reasons someone may choose to sell. These people will not go away and are now more aware of the new pricing needed to sell their home. Simply put if we have a willing buyer and a willing seller we will put the transaction together. So, don't hesitate to check this market out at the very least.