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What Down Market?????

Hi everyone. I posted a similar entry on "localism" but thought I'd put it in my blog too. I was riding the bus to work this morning (oh yes, that really saves money over the gas I'd use...especially on days I really don't need my car.)... anyway and I was reading about how bad the housing market is in our area. They were comparing the sales volume for the past 5 years (great boom years) and the article's tone was like so many other articles I've read about our market... doom & gloom.... woe is me.....the sky is falling! etc. etc. etc. blah blah blah; yadda yadda yadda... Well, I decided months ago to ignore all the bad news and just go about my business. Funny, how when I did that - my business was strong. I'm looking at a great upcoming Spring selling season. There's PLENTY of buyers who qualify for the low mortgage rates out there and theres PLENTY of sellers who are savvy enough to understand that prices are not astronomical...but...in many instances, overall, they're still going to make a lot of money on the sale of their home (especially if they've had it for 10 years for instance). I'm 62 years old and I've lived through Real Estate cycles for a long time... and ...the market ALWAYS goes back up after an adjustment or downturn... ALWAYS!! It's like looking at a day. The day ALWAYS follows night and I'm lucky enough to be here in Southern California where there are beautiful sunrises. This certainly is a buyer's market right now and anyone who is able to qualify for a mortgage and they can afford it should be out there buying!! Call me or contact me and I'll explain to you, like I have to my 6 kids and I experienced for myself since I was 21 years old that it's ALWAYS better to own a house than rent. Have a great day and a great selling season. Best wishes & high regards, John

Posted by John Thyne on 01/16/2008 03:11 PM

Comments (4)

advice, inspiration, motivation, support

4 Comments on What Down Market?????

John,

I practiced real estate in up-state New York, Syracuse area when the "housing booming" and the low interest rate. It was difficult and I can even like to compare to today national market. The problem there was (and I think still is) that residents were moving out (winter is brutal) among other rezons there is the lack of employment. How I was able to not only survive but do well, training, combine the good old real estate, like targeting expire, with today technology.

I think when an agent is in this game for the long run can overcome the market ups and downs, won't you agree?

Bill Arce

www.realestatelatino.com

01/16/2008 03:18 PM

by Real Estate Latino (ReaEstateLatino.com)

Thanks John! Now THIS is what I love to hear. I, too, am inundated with the same garbage in the local papers here. If you look at the quotes from real human beings, and the true facts they state, the other 95% of the article is pure Associated Press recycled doom & gloom fodder. It's a good thing we can see above it!

01/16/2008 03:19 PM

by The Entire Team of Price & Company Professionals (Price & Company Realty)

John,

My business is doing great also. I believe people want to do business with positive people and perhaps that is one reason you and I are busy.

01/16/2008 03:24 PM

by Mike Frazier, Dyersburg Tn Real Estate (Carousel Realty of Dyer County)

John, great mesage and I appreciate your worldly perspective and those years of wisdom. I'm with you. Just keep attacking with a well-thought business plan! Great post -- short and sweet.

01/16/2008 03:30 PM

by Blogger To Be Named Later

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