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Our market is one of 8 that's appreciating...How's yours?

By Bob Prevelige

Mortgage and Lending with Zenith Mortgage Advisors NMLS# 5016

March 14, 2011 08:11 AM

I reviewed some interesting data this morning. It shows that MA was one of 10 states with appreciation last year, and one of only 8 in the country that appreciated last quarter. While no one is going to jump for joy on the raw numbers (.38% and .03% respectively), it sure is nice to be moving in the right direction.

Does this mean we can all breathe easily, and start coasting? No, it means we can continue to build excellent careers that will sustain our families and lifestyles for years to come, beginning NOW.

There's no reason to whine, complain, or feel sorry for yourself. Now's the time to know your numbers, let your clients know that you are a true professional, and get after it.

I tell clients all the time "If you think it's expensive to hire a professional, try hiring an amateur!" Let's be professionals, and earn our commissions. Who's with me?

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Vickie Nagy

Coldwell Banker Residential Real Estate - Palm Springs, CA

Vickie Jean the Palm Springs Condo Queen

I wish there was a link to the article. I would love to see what it says about my local market!

Mar 14, 2011 08:13 AM

Shar Giard

REMAX Equity Group - Gresham, OR

CRS, GRI, CDPE, CNE

Glad to hear that your state is on the right track!

We in Oregon have a ways to go....our unemployment is still higher that the US-coupled with the higher cost of gas, food and shelter, we won't see a real change for about 2-3 more years....but the RE market is coming out of hibernation and Spring looks promising!!

Mar 14, 2011 08:14 AM

Bob Prevelige

Zenith Mortgage Advisors - Hopkinton, MA

CMPS

@ Vickie, I'll be posting a page on my website, and let you know when the link is functional, hopefully later today.

@ Shar, We're fortunate to be recovering fairly quickly, but I'm glad to hear your spring is looking up too!

Mar 14, 2011 08:41 AM

Victor Zuniga

Berkshire Hathaway Home Services California Properties - San Diego, CA

Out here in San Diego CA. we've seen slight appreciation with a 2% to 4% expectation this year. The on thing that's astonishing is that 28% of homes purchased in Jan. 2011 were bought all cash.

Mar 14, 2011 10:21 AM

@Victor, That's great! It's good to know that some people have been able to save money like that. It's quite contrary to the picture the media presents.

Mar 14, 2011 12:52 PM

Edward moloney

Edward Moloney Loan Officer GMH Mortgage Services - Holliston, MA

Loan Officer Providing 5 STAR SERVICE

Bob Great post. I shared this data with a few realtors and they LOVED it. To you I wish a great night

Mar 14, 2011 01:43 PM

Frances C. Rokicki

Fran Rokicki Realty, LLC - Bolton, CT

Broker-Mentor,CRS

Bob, I love that saying of yours. May I borrow it for my database and future clients? It is just perfect. Business is blooming, here in Connecticut!

Mar 22, 2011 12:53 PM

Fran,

Glad to hear that business is strong! It always nice to see the spring market bloom before the crocuses... Feel free to use that saying, and thanks for asking. I hope it has the same impact for you that it's had for me. See you soon.

Mar 23, 2011 03:39 AM

Awesome, Thanks Bob! Yes, Brian Buffini will be on our coast next month and in Providence in May! Hope to see you at the events!

Mar 23, 2011 01:40 PM

Jay McHugh

SendOutCards-Appreciation Marketing Expert - Acton, MA

YOUR SendOutCard Mentor

Mar 25, 2011 05:46 PM

Our market is one of 8 that's appreciating...How's yours?

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