Finally good news - a possible end in sight for the housing slump!

By Eva Meier

Real Estate Agent with Coldwell Banker

October 21, 2008 10:26 AM

I ran across an encouraging article today in the San Diego Union Tribune's business section. The gist is that there are several indicators leading some pundits to believe we may be close to hitting the bottom of our housing slump.

There are two promising signs.

the number of total sales is up significantly (almost 100% over the same month last year)
we've seen an even bigger drop in prices recently

Apparently, these stats suggest that investors are starting to step in and scoop up the good deals, which will ultimately lead to an eventual recovery...

Of course, I've heard so many different opinions and predictions, but this article makes a compelling case and is an encouraging read, especially for those of us that have been whining "when will this end??"

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Vickie Slade

Colorado Landmark, Realtors - Boulder, CO

Service You Can Trust ~ Someone You Can Depend On

Eva, This is positive news and such a nice reprieve from all of the negative news out there.

Oct 21, 2008 10:29 AM

Stephen Kappre

KW Hometown - Mantua, NJ

Helping You Home

Wow the media is on our side ... GO us

Oct 21, 2008 10:32 AM

Jim Style

JS Reality - Baton Rouge, LA

I also think the end is near, Here in Baton Rouge we have been ok....

Oct 21, 2008 10:35 AM

Joan Whitebook

BHG The Masiello Group - Nashua, NH

Consumer Focused Real Estate Services

We will have to wait and see! It seems that there are a lot of things that may impact what will happen in the next few months.

Oct 21, 2008 10:40 AM

Dean Moss

Dean's Team - Keller Williams Realty Partners Chicago IL - Chicago, IL

Dean's Team Chicago IL Real Estate Team

Eva -

Classic SUPPLY & DEMAND!

Prices go down, buyers snap up the bargains, increasing demand, then reducing supply.

Then, prices go up again!

This is a GOOD SIGN!

DEAN & DEAN'S TEAM CHICAGO

Oct 21, 2008 11:11 AM

sandy reid

Westwood Metes & Bounds - New Paltz, NY

period homes, second home market

From your mouth to Gods ears.

Oct 21, 2008 11:26 AM

TIM MONCRIEF

Tim Monciref - Austin, TX

Over 2,000 homes sold…..

As a transplant from San Diego, I keep up with your market alot. Be wary of the number of foreclosures and homes that will not go to foreclosure. Banks have put a stop on foreclosures since this bailout package was passed. You will see a false sense of security with a slow down in foreclosures in the next quarter. The question arises as to whether the market will rebound quickly enough to save those homes that are being held back from foreclosure. You still have not seen the effects of the current foreclosure market.

I do plan on buying in Del Mar, La Jolla or Coronado next year. We may not know when the bottom will happen......but we know if we buy now, we will be making alot of money in 10 years.

Oct 21, 2008 01:54 PM

Paul Silver

Tiverton, RI

Rhode Island full service real estate firm

We some investor activity in our markets as well... and even some residential buyers are moving now... where we work, it is truly a good time to buy... and we are working to encourage buyers to be more active in their searches... loans are loosening up as well, in some quarters... particularly with some of the regional banks here... rigid requirements, but still lending to qualified buyers.

We expect a more progressive market to come to our New England practices in first or second quarter of 09... in our mid-Atlantic markets a bit later.

Nov 09, 2008 01:41 AM

Finally good news - a possible end in sight for the housing slump!

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Eva Meier

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