"HEY KEN, I HEAR THE REAL ESTATE MARKET IS PICKING UP..."

Hi Ken... I prefer to think of you as my cautiously optimistic friend... you are definitely not a ninny!

Somedays I think things have picked up, other days pretty sure they have not. Right now I am pretty busy but it is stop and go.

I think what we are seeing is more or less a "normal " Market. And that was a market of a few years ago before things got super heated. Now if the economy picks up housing will to I think. So in a sense we are economy driven now rather than blaming housing for a bad economy

If the media says it is picking up then people will listen. When they talked about the "bubble bursting" everyone was talking about it. So if we are getting positive statements from the media then it will help. As we know that real estate is local, You will know when your area produces more sales. Keep paying attention so you can spread the word. It is good to be honest to the people in your market area.  

Things are hot in So Cal. Every offer I write has competition! It's been awhile since we've seen that....I'm sure it will get to you too :)

Ken - I watch the market closely in the Sacramento area too...every week I run actives and pendings in all of the areas that I work.  I was shocked when the market started making a turn here!  I thought we were still months away but boy how things changed quickly.  We had an 8 - 12 month inventory in many areas in Sacramento County...we are currently down to a 2-4 month inventory!  We are seeing multiple offers on every bank owned home now...the investors are back big time, but some buyers are still thinking they need to sit on the sidelines.  Unfortunately here those are going to lose out on great deals and will probably jump back in too late.  I don't think we will see our prices increasing drastically and we still do have REO inventory to come on the market, but things have certainly gotten better in Sacramento! Keep watching your market...that's the best thing you can do. 

Ken,

All I can say is that I have had more activity in the past 2 weeks than I have had all year.  I am getting offers and new clients.  I do believe things are improving in my area.  Thanks for the post.

We've seen an increase in activity since February.  Certainly hope it continues.

Ken - Things have been busier here since the new year started, but they are not busy enough for me to mark it as a solid turnaround AT ALL.  I don't think you're being negative, just realistic.

Hi Ken - I've been hearing the same rumblings of hope on the horizon here, too.  But, like you, I'm waiting till we see some the graph that shows the demand surpassing the supply before I break out the confetti.

You a ninny? No way.  It is best to be realistic but hope for the best.

Dude...life is being infused into the market.  Not nearly what it was last year or the year b/4, but I do see a pulse (albeit a faint one), but it is coming back.....I HOPE....mr. ninny.

Negative ninny?  I love it.  Maybe you are just more of a realist?  I do believe it has picked up down here some.  I don't know how long it will last.  Also is it pent up demand from last year?  Don't know.  Keep hustling Ken.

We have seen an improvement here, but like politics, all real estate is local too. I also won't go so far as to say that we are in a sure turn around just yet, things can be much better.