Well could it be? Are price really going to drop to $3.00 a gallon? Most importantly are we going to get excited about it? This time last year if someone had told you gas would be $3.00 per gallon you would have bet the farm they would be wrong. Now look at us.... Actually ecited that gas may drop to that number!
So my question to you Realtors out there is a simple one? Have you curtailed your driving at all with gas prices soaring past $4.00? A Realtor friend of mine says he will not stop or ever slow down a little bit when it comes to showing houses. Back in the old days potential buyer would meet at the Realtors office then all get in his or her car/SUV and look at all the potential house available to this client. Of course now we are a generation of NOW and we stop everything to "service" this caller. Knowing nothing about them, no time to get to know them. We jump in our SUV so quick that when we get there we realize that these clients are years from buying a home. Lets use this gas problem as a time to get back to the old days of them riding with you or you riding with them. Lets use the time to qualify them. My favorite is lets go by the mortgage company together. Meet there lender or introduce to one of yours... Its just an idea. One worth some consideration. Think about it.... 2 or 3 hours to get to know them? Wow it could work. Lets hear some comments from you Realtors out there.
Richard Baggett
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There has definitely been a drop in demand, you can see that from the numbers released weekly. You have also seen builds in gasoline inventory numbers that are also released weekly. Hence the precipitous drop in the price of wholesale (RBOB) Gasoline lately. The question of whether or not the drop will be sustained is a good one, I think we may continue to see some short-term moderation, but long term we need to prepare to pay high prices at the pump.