Sales are thawing out here in the south!
March has started off with strong sales leads and 3 signed contracts for closing by the end of the month. Pricing has become an issue with many potential purchasers saying that this is a "buyer's market" . This is true to a certain extent, except property in desirable areas and commercial property that has a strong rental history is still commanding top dollar. The old adage more than ever holds true, "Location, Location, Location". It seems that as the economy continues to weaken the market is seeking out a safe harbor in the proven areas of real estate:
residential rentals and small commercial investments. At least that's the way I see it.
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