I am amazed at the amount of client inquiries that are surfacing of late. The phone doesn't stop ringing and the amount of interested buyers are coming out of the woodwork. I for one am extremely happy about the turn of events from a year ago.
It seems that there are a number of reasons for this increase in buyer activity. I, in my opinion, think the reason cannot be attributed to just one event, but rather to a combination of events. Stimulus??? Perhaps. Low interest rates??? Perhaps. Lower prices on all existing inventory??? Maybe. How about buyer and investor confidence? How about the simple fact that most believe that an asset such as real estate will have value despite economic times? Seems there is more optimism being reported by our news casters of late. There are more people talking up the opportunity that now exists in our country.
Confidence... this, is what I believe to be the reason for the recent surge in activity. Now, don't get me wrong, one month of activity does not set a trend. It is a beginning point however. A start to whatever lies ahead. Our entire financial system is based solely on consumer confidence. Let's help make this confidence happen by our attitude and by what we say and do. Let's take this opportunity and make the best of it. Talk up the benefits of home or investment purchases at this time.
I was watching the Today show yesterday and was pleased to hear what was said by a well-known personality. She said, for those of us who don't have any money after all expenses, try to get out from under your debt load. But, for those of us who have been blessed and have good disposable income, go out and spend some of the money. Take those who are less fortunate than you out to dinner, a movie or whatever. Help our economy. Remember, big begets big. By this I mean your spending habits will help our situation more than you may think. The more money you spend, the more workers hired or not laid off and hence the additional money earned will eventually wind up in our economy by those individuals spending also.
I am not suggesting that we all go and spend foolishly as if there were no tomorrow. Rather, think about what you can and cannot do. Do what you can to help stir this economy. It is catching and there are more and more reports about a recovery looming just around the corner.
I for one, am gearing up for one of my best springs since I began this career 6 years ago. Are you?