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Winter's End - Recession end?

By
Real Estate Agent with Keller Williams Southern Arizona

Good Ol Phil predicted yesterday that winter was over. Well, in case he didn't look outside today, it is still very much winter in PA as well as here in Southern AZ. I mean, 37º at mid-day! Sure there is not a cloud in the sky, but the north wind does blow and my guess is the windchill is solid in the mid-20's. But, winter is over and this is just a reminder of what we don't want to look forward to next year.

How about the recession? Is it over also? I guess that depends upon whom you ask. Certainly not those still looking for jobs. Probably not too many real estate agents. Shop keepers. Well they had a pretty good holiday season particularly if they also had an internet presence. The economists think it's over. How about you?

I'm very happy to say I had a good January. If February is anything similar, I will cautiously say the real estate market has turned the corner. Wow! Wouldn't that be great! All this inventory that has been waiting for buyers will finally start to diminish. Homes will increase in value. Time on market will decrease. And real estate agents can start to make a decent living again! I sure hope I am right.

Nor Yeretsian
Envoy Capitol Realty Inc. - Toronto, ON
Envoy Capitol Realty Inc., Brokerage Toronto

Charlie, I hope you are also right . Let's hope it is for U.S. real estate .

cheers

Nor Yeretsian

Feb 02, 2011 07:20 AM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

NAR has predicted the end.  Slow growth over the next couple of years but growth.

Feb 02, 2011 07:31 AM