Every day we're innundated with negative news on the RE market. The national media have forced many buyers to stay on the porch and "hunker down" to weather the storm in response to the blitz of negative reports of negative market condtions.
However, in middle Georgia, things are not all grief and gloom. Property, priced correctly, continues to move. And we continue to prove that market conditions are local phenomena. Fact of the matter, our local market is pretty darned good. We've got a large military community which moves a number of families on a cylical basis, creating both supply and demand. We've got a favorable environmental climate and an attractive business climate, both of which continue to draw folks from other parts of the country. We've got a reasonable cost of living which is attracting neighbors from surrounding states and urban centers. And, we've got exceptional schools which is a magnet for, well, everyone.
Our challenge is to get the smart money off the porch and back into the game. We need to carry the message that our local market is in good shape and does not mirror what's on the national scene. Even in a bad climate, the real estate market, like the stock market, appreciates over time. Even a slumping market will recover in time and show a postive gain. In our community, what better time to buy than now? Interest rates are still favorable. And absent some catostrphic event, in 3-5 years a current purchaser could reasonably expect to have a decent return on an investment in residential real estate.
I welcome anyone else's thoughts.
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