That's a question we hear frequently. Has the Real Estate Market Stabilized? Because of our involvement in the national industry, we pose this questions sometimes to agents in other parts of the country. The results we are getting lately have been varied. Some are still declining, some areas have started to bounce back. The third result, which I'm hearing more in California and Mid west is that while it did bounce back early this year, a "second dip" is in the makes right now! THAT response is what is frightening. So I know Real Estate is of course "local"
What is the Real Estate Market Like in YOUR local area? Has the Market Stabilized? Are home SALES (not "pendings") and prices up or down in recent times? and Whats the outlook for the near future? _________________________________
The outlook for your market is up to you. Every market is different for starters. And in that market, you need to be the little red hen realtor that works harders, rolls up your sleeves and takes, captures, dominates and secures more of your market that other brokers wish you would have bitten off. The time in speculating the market interferes with your sale after sale in that market you work backwards, forwards, full throttle.
Just trying to get a pulse on agent confidence and the market as a whole. I do agree with you, my best years in my local market have been the last couple. I do dominate and work when I want to work. No need to roll up your sleeves and work harder, ONLY smarter. I have thousands of short sale listings around the country now, so the bad economy actually HELPS us with business.
But seriously, I'm trying to see if other agents think we are about to have a "double dip" in the near future. I think that later this year, especially come Winter season, the question of if we are through this decline or not will be clearly answered.
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