Home : Blogs : Ryan Haddock : Washington State Commercial Real Estate Ramblings from a Olympia Commercial Real Estate Agent

Is it turning? or do we just hope it is?

Recently I've noticed a change in the blog mentality here on activerain as well as other sites. Many of the mortgage brokers are starting to see stated income products coming back online as well as other "responsible" options that were temporarily unavailable.

The inventory numbers seem to be changing nationwide - not certain if they are being sold or if sellers are pulling their listings in favor of renting. Either way as the inventory normalizes or reaches lower levels the bottom of the market is eminent. Will it be tomorrow? UNLIKELY, but it is changing.

Get your buyers and investors ready. Things will happen quickly when they do happen.

Posted by Ryan Haddock on 11/07/2007 11:25 AM

Comments (16)

thurston county commercial real estate, olympia real estate, lacey real estate, washington commercial real estate, activerain

16 Comments on Is it turning? or do we just hope it is?

NOV

2007

I suppose we need to see some positive growth for two years or so to know that we are really on the upswing.

Just my personal opinion.

Jeff- I agree that it may take some time, but I think those on the cusp will have more to gain than those waiting until they "know" it's on an upswing.

Ryan,

Yeah I do agree with that.

Lets hope it happens soon.

Products are coming back and they are more realistic. Here in Western Colorado things appear to have gain some spring in their step

Nicholas - I think we are all hoping!!

Joe - Good news, at least a few states are seeing improvement.....although the markets are local the national media attention is not and we need to work together to increase the positive vibes in the market.

Ryan,

There appears to be more optimism in the tone of many bloggers here, that's true. And that is a good sign. And buyers and investors are cautiously returning to the market in many parts of the country, so evidently the tide is slowly turning. Wouldn't that be nice?

I have a great investment as a listing here in Everett Washington if anyone is looking for one now....lol....

That's my two cents

Todd Hueffed

http://www.thathomezone.com/ in partnership with Keller Williams North Seattle

Is it turning? Depends upon which person you talk to or which periodical you read. If wishes were horses....

I agree with you Joan....although I don't like horses

Todd - interesting that linking on my blog is something you felt comfortable doing without asking.

Esko - It would be extremely nice and if our tone is different we might be able to assist in the transition.

NOV

2007

This week 1 of my listings - Lives in a neighborhood with 5 listings. 2 of the listings have been pulled off of the market.

2 of my sellers are pulling off of the market until the 1st of the year.

The strange thing - my most expensive listing=the most showings.

I have seen more buyers enter the market in the last few weeks...

Rebecca - that typically would be good news....the bad news is losing the listings, but hopefully it will only be temporary.

Erin - that is always good news.....keep the positive notes coming, we can influence the national media even though most of the real estate woes are local.

NOV

2007

I think it just may be. We are up for some future challenges but real investors (as opposed to the pretend ones who are letting their properties go back to the bank) have turned to our market to help bail it out.

The real deals buy low and hold. The pretenders buy high and try to flip and aren't prepared to hold.

Renee - I agree, I'm seeing the statistics changing....slowly, but changing.

Here's to staying positive!

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?