How are we coping in the market? An Update from January to Mid-February
The opening of the year 2009 in the real estate industry may not be as strong as the previous years, but those who are in the market to keep it going are surely positive that we will get by; and certainly reap the rewards in time.
It was good to learn that in January of this year, the local board (Real Estate Board of Greater Vancouver) reports (through the Board's President W. Dave Watt) that thirty eight (38) sales are posted a day across the Greater Vancouver board and seventy seven (77) sales a day as of mid of February.
This is an indication that the market is getting there. despite this struggling economy we are experiencing today.
It may seem slow, but homebuyers could actually contemplate and see the potential in shopping for properties offered at a much lower price.
Apparently, the opportunity is knocking on doors of homebuyers, specifically first-time buyers. Interest rates are low; "so why not strike while the iron is hot? (goes a popular idiom)
Homebuyers should take advantage of favorable conditions available to them.
First-time buyers or other individuals who may want to consult about the best options they might have, may inquire by email.
By: Sheila Atienza, BC Realtor and Mortgage Broker
Author, "YOU ARE PRIVILEGED, 12 Success Principles to Uncover Your Innermost Potential"
Author, "How to Prepare to OWN A HOME in Canada, Recession-proof Lifestyle for Immigrants and First time Buyers"