Don't look now, but buyers are once again coming out of the woodwork!

Real Estate Agent with Summit Real Estate Group BRE# 01215778

For some reason buyers seem to all be on the same wave length.  This phenomenon is unexplainable and the very same reason I've attempted to get buyers to buy while other sit on the side lines.  Home sales plummet and few buyers take advantage then overnight buyer, all at once, start buying.  Few had taken advantage of the market and all of the sudden homes are getting multiple offers and interest rates jump a half point or more.  So buyers stop buying, prices drop, interest rates drop, bargains are to be had and buyers stop buying.  This is the roller coaster market we have been in for the past 3 years.  This is not as bad as the 2 previous years though as few homes sold, there were no or few distressed sales and many found themselves out of work in the real estate field.

Believe it or not the recovery is just around the corner.  Homes sales are dependent on jobs and jobs are dependent on home sales.  At some point soon the media will ignite positive thinking and consumer confidence will grow.  Homes will sell and people will go back to work.  At that point the rest of the world will look to America and see that shining light.  Be careful because when this happens gold prices will fall fast!

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Tony Lewis * RE/MAX of Valencia * * * 661-702-4720

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Comments (3)

Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Tony --

Yep. And that makes me very happy, especially since short sales are taking a long time to close, it's good to have a few buyers closing escrows.


Sep 05, 2011 06:44 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA

New-hires are still moving into our area and the diminishing number of listings coming on the market are sending the message to BUY or RENT because the inventory of both types of homes are becoming scarce!

Sep 07, 2011 11:11 PM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

New-hires will be trained properly in this type of market and lead to a hire quality of Realtor in the future.  Those that survive will be conscientious and professional and respect their counter parts.  Local in our Santa Clarita, California half of our leads and request from other Realtors seem to be for rental assistance.  Our inventory is extremely low and the salable inventory may be an all time low here as well.

Sep 08, 2011 05:44 AM