The Pulse of the Real Estate Market
I have always been a little bit anti-media, and even more so during the last year with all the doom and gloom of the "national" real estate market never taking into account local markets. A featured post "Can we gag the Media ? Or Hang the DJ ? " expressed that point and was a post that struck a nerve with consumers as they participated greatly in the comments which is a little bit unusual. One thing I have learned since that post is that in this new world, it is not really CNN, CNBC, Fox news or anyone else that is the media, but it is all of us who is the new media.... right here on Active Rain. And who better to report on the updates of the real estate market than those of us that are on the front lines !
Which brings me to the main point of this post today ! Being that we are on the front lines I believe that we are the pulse of real estate. We see trends and buyer activity in our local markets before anyone else. Also, in Active Rain, we can get a snapshot of other people's markets, their successes and so forth. Maybe it is me, but I have read numerous success stories just in the last week or so ! And this is during the "slowest time of the year" (according to the media) . Below are just a couple of success stories in Active Rain (many of which were featured) I have read in the past week:
"A Buyer Fell out of the Active Rain Sky and Hit Me" by Chris Ann Cleland
"Listed Last Wednesday ! Under Contract Today ! Thank you Active Rain !" by Donna Bigda
"Countdown to the Holidays - New Listings and Buyers all Around" by Cindy Jones
"Another Active Rain Sale Closed ! " by Tina Shah
"Sell Real Estate Instead of Shopping on Black Friday ? " by Chris and Stephanie Somers
There are countless more posts out there like this but the point is that things are changing. Can you feel it ? Is your heart rate picking up ? Is your pulse starting to beat louder ? Faster ? As a buyer, are you starting to get excited about mortgage rates being at lows for the year ? Or perhaps the $7,500 first time homebuyer credit ? Have you read "5 Reasons for Buyers to Get off the Fence" ? As agents, do you see this activity happening around you ? How many buyers are you going to reach out to to communicate these benefits too ? If you do not, someone else will.
Lastly, if consumer confidence has not picked up a little bit and things do not look brighter in the next year, how in the world could the Dow Jones Industrial average be up more than 250 points on friday in the face of dismal unemployment numbers that were extremely worse than expectations ? You guessed it, because mortgage rates are at their lows which will stablize the housing market and pick up the economy through home sales and refinancing. Not to mention that oil has plummeted to $40.00 a barrell. We are probably looking at $1.50 gas pretty soon !!!
The holiday season is definitely now worth a cheer ! And I feel great being the pulse of the Philadelphia real estate market ! Are you on the pulse as well ?
Now on to more important things... my wedding anniversary weekend : )
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Philadelphia Real Estate - Chris and Stephanie Somers
The Philadelphia Real Estate Blog
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