Here is the news. Buyer calls are up significantly, from 88 in February, to 133 this month. That's a 50% increase in just one month. Our buyer specialists are as busy as they were last Spring, before the downturn, and almost as busy as we were in 2007. Buyers have woken up and smelled the coffee; interest rates woke them up, and March's surprisingly low supply of inventory is keeping them awake. I continue to negotiate vigorously to put solid transactions in to place, there are often many items to iron out, from price to terms, to the engineer inspection, to what the initial down payment will be( 5%, 10%, more, less..), even crazy stuff, like who's going to fix the light fixture, and can you buy me a dryer? (what?!) This week alone, 4 of my sellers enjoyed multiple offers, and enjoyed receiving offers that reminded them of better times, which by the way, means we are in some better times. Prices may take a while to catch up, but the local market is turning.
Judy
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