Yikes.... another year. Bailouts & Layoffs. Swine Flu & Health Care. Even Christmas Day terrorism.
Are we having fun yet?
In real estate terms, the year was quite a thrill ride with all sorts of twists and turns like tax credits, loan modifications, shorts sales, foreclosures, and the Return of the Buyer.
While many buyers remained in hiding, increasingly, especially toward the end of the year, die-hards were returning to the game poised for action, convinced they were the only ones crazy enough to be playing:
- Many came expecting the Deal of the Century and left disappointed.
- Others came making what appeared to be perfectly reasonable offers only to learn of a seller's sharp difference of opinion.
- Sometimes these sellers actually found another buyer who was more in sync with their idea of their home's value.
- Other buyers still found realistic homeowners who were receptive to their reasonable purchase offers and now are in their new homes.
I'm nothing if not exhausted by it all. Stay tuned for my annual market reports, they'll be posted on my blog in a week or so. I'll be sure to let you know they're available.
Happy New Year!