I wish I had a very clear answer but lacking the crystal ball I can only tell you what I know and am experiencing. The huge projected job loss for Fiarfield County this quarter has everyone on edge. And it's very real. Are we at the bottom? Could these job losses create many more foreclosures? The answer I believe is yes, and yes. We won't reallly know we hit bottom until we are on the way back up and I think that's very close. What I am seeing by tracking closely our internet sites is that we have alot of pent up demand, horses at the gate so to speak, with smart money ready to spend on real estate. So, recognizing the great deals out there, this pent up demand may readily absorb the new supply thus stalling any fiurther sharp decline. I have never in my 15 years of real estate seen so many amazing buys in real estate. If you are thinking about jumping in, stop thinking and get to it. I wouldn't advise sizing down right now but the opportunities to size up or take on investment property are huge. Curious? Call me and let's talk about what your opportunities might be! 203-324-9600.
Start your opportunity search now by going to www.HomesofFairfieldCounty.com
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