I just came home from the BrookField Chamber After Hours Gathering and talking with some Real Estate Agents and other Mortgage Professionals I am happy to report that the market seems to be gaining some spped here the last few weeks heading into December.....
Last year at this time I was very busy with borrowers buying houses and it was like that for 3-4 months of steady closings about double my normal business. I has 2 closings this week and one Friday at 5pm so a nice week for me with purchase business. But the thing is over the past 10 days or so I have had several new buyers looking to buy now and several that had gone cold over the past 4-5 months just pop out of nowhere and want to get back in the game of shopping, one made an offer today and we will see how that goes and one just sent me 5 e-mails (back and forth) and want's to get serious this weekend and try to find a home.
Are these buyers finally realizing that the so called "Bubble Burst" was just a slight loss of air and that they are not going to get a $500K house for a bargain basement price of 50% off when this "Bubble Was Suppose To Burst"? Maybe the realize that interest rates are still at a all time low and before they miss the boat they better buy? Does anyone have the answer? Are you finding your business picking up again? If this is a sign of what's to come for purchase business over the next few months and into the spring market then I will take it.
Yes, I don't know if that's what it is, or the press is just being kinder. Last year this was a slow time and now I'm getting a lot of calls. I hope it carries long into january