Ever play the game "Fortunately/Unfortunately?"
It goes like this...
Fortunately, homes that have gone to pending are up 59.4% since last month!
Unfortunately, sales are down 39% since last year this time.
Fortunately, the number of homes going pending has gone up in that same period of time over 10% meaning we will see an increase in closed sales soon.
Unfortunately, with the end of the first time homebuyer credit, the number of homes in pending will likely drop again very soon.
Fortunately, many homebuyers got to take advantage of a program that helped them realize their dreams of homeownership!
Unfortunately, we will be paying for that for years to come.
Fortunately, hmmmmmm.....is there an appropriate ending after that?
Unlike so many of my fellow agents, I flat out refuse to call and ask for an extension to the $8,000 credit. I simply believe that it is an issue of ripping of the band-aid quickly as opposed to slowly and agonizingly. Will is keep pendings and solds up? Certainly. But, as the adage goes, what goes up must come down. This time it will come down with a multi-billion dollar collar around its neck.
What price that commission????
Comments(3)