Boy, don't we all wish we had the answers! Everyday we hear more and more doom and gloom. Before I left the office today, I read an alert on line that 35,000 folks are being laid off between Jan 09 through the next three years from Bank of America.
BUT, as I read & experienced, we must hit bottom before we can climb again....and I believe we are just about at thatbottoming out point. I am not sitting here looking at statistics, but its the feeling & knowledge working with people & being out in the field. Its like( the economy) being involved in something you really dread, say working a really long work shift. You know its coming, since outside of work, you feel free to do what you want, then when you get to work, its painful, long & tedious. It never feels as though the work day will end, but you know once you get out, it will be such a great feeling. That is how I feel about the economy & the real estate market....inside I feel this anticipation of great things to come. Currently its a great time to buy...right this second for a matter of fact since there is a drought of good, qualified buyers.
Honestly, most folks are NOT sitting on there hands...they just cannot get Pre-Qualified. That is why there are not floods of buyers at the door looking to whisk away the house. Then I talk to other home buyers who are waiting for the market to bottom out. I ask.."Why are you waiting?" The normal response is..." Because, no one is doing it Kristina!" Ok..soo..if everyone is buying...what then happens...demand increases and prices go up..hmmm.
At the same time, I completely understand...ride the wave. My outlook is positive...and we all must stay positive through these gloomy, down times. For now though, I will continue to find a way to get some answers out of my crystal ball! :)
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