Do You Feel It.

By
Real Estate Agent with Century 21 Alliance
So can you feel it?

  There are some signs that make me think we might be ready to crawl out of the "Post Tax Cut Nightmare" commonly known as the "Summer Market of 2010".


   All of a sudden my listings that have been sitting with minimal action are seeing a flurry of activity.   The interests rates who's historic lows haven't sparked massive interest may be on the rise and we may see a hurry up reaction.  Could it be that you may miss out?  Could it be that these low prices and low interest rates may start to go away.  All the data supports that the lower prices are homes that need work and are in trouble financially.  The nicer homes are maintaining some value and some are still sitting.  These prices aren't rock bottom but they are affordable and may be hard to get down the road.

The Washington spending machine is slowing down and the artificially low rates can't last, I've read plenty of hints out there that we may see a jump in mortgage rates this coming up week.  The debt commission report was no bed of roses unless you count the thorns.  You may want to let your buyers know that these rates did hang around for a while but they may be getting away from them if they don't act soon.

 

Click on the pictures for more info!!!

 

48 Peach Lane

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Topic:
ActiveRain Community
Location:
Pennsylvania Delaware County Havertown
Groups:
Delaware County, PA
Pennsylvania Realtors
Realtors®
Tags:
market
interest rates rising
hurry
urgency

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Rainmaker
574,559
Brin Realty Associates Team At Bean Group
Bean Group | Brin Realty Associates - Amherst, NH
Amherst NH homes and Southern NH real estate

Hi John,  We are feeling a little spurt of activity here in NH too...just came out of a meeting with a buyer that wanted to take advantage of the interest rates...hmmm...time will tell...good luck to you in PA!

Nov 12, 2010 04:38 AM #1
Rainer
246,124
Shannon Coe
Keller Williams - Rocklin, CA
916-597-3818, Lincoln, Rocklin, Loomis, Roseville

I feel it! I too have had my listing just sit...but I have had three go pending this week! Whew, lets get this rolling again!

for Bay Area California Real Estate please refer to:

Shannon Coe Realtor #01489731

WR Properties

http://www.ShannonCoe.com

Nov 12, 2010 04:41 AM #2
Rainer
246,124
Shannon Coe
Keller Williams - Rocklin, CA
916-597-3818, Lincoln, Rocklin, Loomis, Roseville

I feel it! I too have had my listing just sit...but I have had three go pending this week! Whew, lets get this rolling again!

for Bay Area California Real Estate please refer to:

Shannon Coe Realtor #01489731

WR Properties

http://www.ShannonCoe.com

Nov 12, 2010 04:41 AM #3
Ambassador
761,351
Lori Bowers
La Quinta, CA
The Lori Bowers Group

We are seeing the same thing here in La Quinta, Ca. Sept. and Oct. were slow and now we are getting more active day by day.

Nov 12, 2010 08:41 AM #4
Rainmaker
888,527
J. Philip Faranda
J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY - Briarcliff Manor, NY
Broker-Owner

We are starting to get used to the "new normal" here in New York. Slower approvals, cautious buyers, more short sales, and hope that the worst is behind us. 

On another note, keep putting out that commentary!

Nov 19, 2010 10:58 PM #5
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Rainer
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John Ryan

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