Realtors - We need you!

The recent mass exodus from our industry has cleaned out a lot of the ineptness and left the rest of us with major opportunity.  With home prices falling back to earth, people continuing to move to our area, and the outlook for mortgage rates terrific...the near future is brighter!

Economic indicators are confirming recessionISH times (I know that is surprising to all of you) and inflation has remained tame and is now even showing a potential drop in the future, rates should be great for months to come.

Some areas, even here in AZ, still have 100% financing programs available.  FHA financing is the new, old-tool for first time homebuyers and/or low-down-payment buyers.  Until home pricess stabilize, which will be sooner in AZ than other states in the Union, FHA will be the savior!  First time homebuyer seminar anyone?

Realtors, and only the strong now remain, we need you to continue your great work!  The lights are beyond flickering at the end of the tunnel...Lets take advantage of the combination of low rates and low prices.

 

4 Comments on Realtors - We need you!

Yes, now is a great time for first-time homebuyers.  As a matter of fact, first-time homebuyers are the majority of my clients!  Thanks for the encouragement...  :)

04/04/2008 12:20 PM by Debi Ernst, Real Estate Broker/Agent (Ryco Realty Group)

Hi Jeff.  You are right.  Hopefully, the industry will get a bit flushed out.  Good times ahead.

Ken

04/04/2008 12:24 PM by Ken Tracy, RE/MAX - Naperville Illinois Real Estate (RE/MAX Action)

I do think that now is a good time to buy a home....in essence, they are currently "on sale", but over-all I don't think that the markets will recover until some fundamental flaws in the credit markets are addressed and dealt with.

 

Bob Mitchell

ValueList Real Estate Services, Inc. 

04/04/2008 12:33 PM by ValueList Real Estate Services, Inc.

Hard times come even to the best of realtors.....  It really addresses the true realtors who enjoy the industry mor than others.  It defines a realtor and their true love for the job.  Those who really don't love the job they do will leave.  That is how I feel.  True love means hanging in even during the tough times. Thanks for sharing your blog.  Lu

04/12/2008 09:10 AM by Lu Kalaj (The Michigan Group)

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Loan Officer: Jeff Shatswell (Goldwater Mortgage)
Jeff Shatswell
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