Apparently, The Market is Turning

More and more of my Clients in Ohio, California, Tennessee, Pennsylvania, and many other states are telling me that more buyers are showing up. 

Is this the result of pent up demand? 

Was the Federal Government passing of the Housing Bill the catalyst that people were waiting for to give them confidence that the market is close to or at it's bottom? 

Is it the relaxing of oil prices and the slow reduction of gas prices?

It is a strange time for the market to perk up.  Mid-summer Real Estate activity does not usually pick up.  So, I am guessing that it is some outside force or congruence of events. 

Whatever it is, I see it as a very hopeful sign and one that I expect will grow and spread. 

For those of you who have been in my audiences for the past two years have heard me predict exactly what is happening.  In fact following is an excerpt from an article that I wrote a year ago about this. 

"So again the economists got this right. The same article said 58% of the economists "predicted a ‘meaningful' recovery in U.S. housing markets before the second half of 2008 or in the second half of 2008. The majority of the other 42% predicted the recovery in 2009.

This is completely consistent with history. This two or three years of soft buyer's market with slightly flattening prices will likely be followed by five or more years of a healthy seller's market with equally healthy price appreciation."

OK, you caught me I am really pleased with myself to have predicted this correctly.  Here's one more piece of advice.  Stick out the rest of this year and regardless of who is elected president they are going to take credit for an economy that will turn around because an increasingly healthy Real Estate market is feeding it.  Those advance their skills to survive this slow market will find those skills pay them in multiples in the healthy market around the corner.