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SIGNS OF TURNAROUND

HERE IN UTAH IT HAS BEEN A TOUGH FEW MONTHS - FEW BUYERS, LOTS OF SELLERS, PRICES DROPPING, NO CALLS, ETC ETC - BUT OVER THE LAST FEW DAYS, I HAVE SEEN SOME SIGNS OF RECOVERY!!

SOME MORE CALLS, SOME NOT SO SERIOUS SELLERS REMIVING THEIR HOMES FROM THE MARKET, MORE FLYERS MOVING, MORE APPROVALS FROM THE UNDERWRITERS, MORE SHOWINGS - GENERALLY SIGNS OF THE MARKET RECOVERING.

THIS BRINGS SOME RELIEF AND HOPE THAT THIS TOO SHALL PASS

THIS IS THE FIRST TIME I HAVE SEEN A "DOWNTURN" AND FOUND IT REALLY TOUGH TO "SEE" THE WAY OUT, BUT I AM GLAD I HUNG IN AND ALTHOUGH THE TOUGH TIMES ARE NOT OVER, I AM SEEING HOPE IN THE FUTURE OF REAL ESTATE FOR ME AND FOR MY CLIENTS

THIS IS AN AWESOME MEDIUM FOR AIRING YOUR VIEWS - LETS HER ABOUT THOSE POSITIVE EXPERIENCES!!

Posted by Tony du Preez on 11/12/2007 01:44 PM

Comments (2)

recovery, better market, more buyers, hope, futures

2 Comments on SIGNS OF TURNAROUND

NOV

2007

Tony-

Glad to hear of the market making progress back in Utah. With Countrywide's credit rating teetering toward Junk status and several million homes still facing prospects of short sales or foreclosures, my guess is that the turn is still somewhat out in the future.

One important positive note- in the past 40 years of market dropoffs in California, it seems like the recovery time is brief and v shaped as opposed to saucer like and a long, slow ride back up. No one will ring the bell when the market turns (unless your blog just did) but my hunch is we will all be seeing it in the data 30-60 days after it has happened.

hi doug

you saw through my posting - this is the start of the turnaround - i agree that there are some factors that are real and that we have not seen the end of the consequences of those realities - but i also feel stringly that the media have a lot to do with creating an overreactive environment.

this is the start of counteracting that - the facts are true - it is up to us to see them for what they are

the next step i am taking is a positive upbeat newsletter to my data base this month - good luck!!!

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