In 2008, one Newsday reporter repeatedly took delight in intrepreting "the facts" in the most damaging,pessimistic tone for all Long Island homebuyers, sellers and realtors. I repeatedly wrote her, the editor, and the publisher with no satisfaction. I was banned from all Newsday email because of my strong opinions and dissatisfaction.
Here it is 2009, after laying low for awhile, she has to remind the public about median average sales price drops for the month of December. Dah.. isn't this old news already! If the median sales price was down for all other months in comparing 2007 to 2008, it makes logical sense that December would be down as well.
The new real estate reality is, it does't matter!
I have experienced first hand, increased buyer traffic in December and now have 3 homes in contract.( Not one of them is a foreclosure or short sale.) I believe this is due to the lower interest rates and the First time buyer tax credit incentive.
The new real estate reality is, we are in the process of correcting the wrongs of the past. Yes,there are still more adjustable rate mortgages, foreclosures and short sales but solutions are available to all homeowners at www.hud.gov/foreclosure and www.hopenow.com . It may be too late for some but not for all.
The new reality is, buyers are out there and they are buying. They are adjusting to the market and homeowners who refuse "to give their homes away."They are beginning to realize not all homes are half-priced and that the window of opportunity will not last forever. They have experienced the frustration of of overbidding and multiple bidding on short sales and the transaction taking well over 6 months.
The new reality is homeowners need realtors, now more than ever. They are angry, frustrated, and need guidance. They are afraid of what the future might bring. It is up to realtors to help them find solutions.
It is a great new year, with new opportunities. It is a great new year to discover own new real estate realities.
Sincerely,
Barbara Klepper
Licensed Sales Associate
Century 21 American Homes- Babylon
info@lihomechoices.com
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