Predictors of the 2011 Real Estate Market Show HOPE

Thanks for the Hope, Cindy in Indy.

cheers

Nor Yeretsian

Cindy,

I have read these words over and over, and it cannot be said enough!  Real Estate is LOCAL!  Thank you for a great post,

Cindy, Always great to be positive and I am in your boat. I hope interest rates stay around 5.5 % or less because, as you know, an significant increase in interest rates could keep some buyers from getting financing. The Dow number is sweet too!

Maybe we should say real estate is different for every INDIVIDUAL...then I would feel even more positive....One buyer at a time....

Consumer confidence drives the markets, no doubt.  There are some good signs out there, but still worrisome is that shadow inventory.  I am with you Cindy, 2011 is going to be better in some markets, a slow climb, but moving forward nevertheless.

Things in the Detroit Metro area have been improving.  Our phones are ringing much more for this early in year compared to the past few years.  Overall confidence is growing here

Yes, real estate is local. Here in Maryland we are very hopeful and thankful that we are in a market that has not been hit as hard as less populated areas of the country. 

Cindy, We're seeing much more activity than we'd normally see in December/January.  Not leading to contracts yet, but still busier than expected (and that's WITHOUT blogging throwing us direct business).

Great advice that is 100% true...real estate is local!  Knowing your market is critical to success, especially when an out-of-town buyer comes in with false perceptions based on where they just came from.  If I can get a home for $40K under asking price in Podunk, why can't I do the same here in Whateverville?!

In any market, the hopeful agent can bolster his outlook by looking at the number of sales that have gone pending on any given day. People are buying here, there, and everywhere. Just make the move to be a part of it.

Cindy ~ well stated.  Your information is easy for anyone to understand.  And Real Estate is LOCAL cannot be said enough.  What happens in Indy, doesn't really affect what happens here in Denver.

Hi Cindy -- I loved this post, and see the same trend here in my area. Suggested and re-blogged.

Cindy you are correct, as the national psyche shifts from a postion of "the bottom was yesterday vs. tomorrow" we are going to see consumer confidence start to increase.  Additionally, with the PE ratio below historic averages and the second lowest interest rates in 100 years we should see the PE ratio climb a push corporate earnings....all good signs.
All best,
Jason Frey

Cindy, we also feel confident about the direction of our market.  Some good signs including what you mentioned, the low interest rate, increase in consumer confidence, lower inventory and new construction picking up in sales. 

Very nice Cindy. Real Estate is local and it is very important to spread the positive aspects of Real Estate in our own markets.  There is so much to be grateful for and I intend to emphasize that

Cindy, I'm feeling really good about 2011. I think it's going to be a good year.