Hi all: I hope you're well! Things are returning to normal...
Why do I say that? This morning I was driving on Petrovitsky Road in our neck of the woods and saw that a long ago abandoned and foreclosed home (and a nice one at that) was being painted and worked on. Whether the bank was doing it or someone bought it I don't know. But it was a symbol of the real estate bust here as it probably was in many communities across our land.
I'm sure the home was initially built on-spec by a developer who ran out of money (or the bank failed) so the home was literally about 75% finished. Now the home is being finished. And it will be nice when it is done.
I don't know about you but it's nice to see things get finished off. It's been a rough ride for so many builders and, let's face it, they are often the lifeblood of the real estate market. At least they are up here where inventory is tight again.
What are you seeing in your market? Is it encouraging? I sure am thrilled about things returning to normal. It's been a long wait! I hope you're doing well. Have a great day!
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