When you think about it we are all waiting for recovery from the market, except for the buyers. Most buyers want recovery but only after they have found their home on clearance sale right? In this market the buyers are having a ball and the sellers are crying in their soup. Just a mere 4 years ago the sellers were the ones who were really controlling the market place and loving every minute, and now it's the buyers turn.
Buyers although they understand what sellers are going through, feel it's their turn to be rewarded and they are. Prices haven't been this good since 2005 and buyers are making out with "free" interest rates, (at least when they dipped in to the 4% range I consider that free). Oh and that $8,000 tax credit, again free money from the government if you qualify. So where's the risk? And the big bonus for buyers....when the market swings back up so many of them will be dancing for joy at the equity boom they will see and they will talk about the time when they bought when the market was in the tank and how they got such a great deal.
Oh the world of real estate is such an interesting place!
Tuesday, June 16, 2009
Monday, June 15, 2009
Tides of Change
Lately I have been swamped with new business. Every time I turn around I meet someone new or get an email from someone ready to start looking to buy or needing to sell.
As the summer months are upon us, it's not a wonder things are a little more crazy in this business but it's also a strange time we are in.
With the unemployment rate in Oregon looming around 12-13%, the local economists are stating we will see a turn around as early as 2010.
A new forecast from Moody's economy.com claims Oregon will lead the pack in the top 5 states of getting out of this recession.http://www.msnbc.msn.com/id/30991972/.
It appears the growing consensus is that we are about to see another tide of change in the market. Should we be so optimistic in light of the positivity? I think a bit more time will tell.
In the meantime I stay busy helping those who always need to buy and sell and then the unfortunate seller.
I have seen some stabilization in the real estate market lately, as if we are bumping along the bottom. Hopefully this tide will change for the better!
As the summer months are upon us, it's not a wonder things are a little more crazy in this business but it's also a strange time we are in.
With the unemployment rate in Oregon looming around 12-13%, the local economists are stating we will see a turn around as early as 2010.
A new forecast from Moody's economy.com claims Oregon will lead the pack in the top 5 states of getting out of this recession.http://www.msnbc.msn.com/id/30991972/.
It appears the growing consensus is that we are about to see another tide of change in the market. Should we be so optimistic in light of the positivity? I think a bit more time will tell.
In the meantime I stay busy helping those who always need to buy and sell and then the unfortunate seller.
I have seen some stabilization in the real estate market lately, as if we are bumping along the bottom. Hopefully this tide will change for the better!
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