The End of the Recession?

A View from London - by Nick Churton, Mayfair International Realty - London

Even within the first month of 2009, there are signs that the real estate market is showing an increased level of activity. Sellers who have had their homes listed for months, even years, are finally coming to terms with the harsh realities of the market and are ready to lower their prices. Though it is difficult accepting such a loss, even the most tenacious sellers have decided to move on with their lives, especially with market prices continuing to dip.

Churton believes this "modern cataclysmic economic and commercial breakdown" will make its mark in history, with an impact on society that rivals the Great Depression. Some of us now are forced to make decisions that our grandparents never had to make. As the recession lingers onward, buyers and sellers grow restless, eager to see an end. For this reason, buyers are taking a more active interest in the market:  visiting real estate offices in greater numbers, as well as expanding their online searches for homes.

It is an opportune time for buyers, with dramatic price drops and some of the lowest interest rates in history, perhaps the only positive aspects of the recession.

Waterfront Properties & Club Communities is an exclusive affiliate of Mayfair International Realty. For our corporate office in Jupiter, FL, please call 561-746-7272.