Backed-up Demand

By
Real Estate Broker/Owner with Mike Farmer Realty

I don't know about any of you, but I've seen a lot of activity bubbling up lately. Past experience tells me that bubbly activty leads to buying.

I think in 2008 we'll see this backed-up demand breaking loose, especially since the baby boomer phenomenon is just getting started.

See Bonzai

One thing is for sure, this year will be a shake-out year and all the weak components in the real estate industry will show their weakness and the strong will stand out.

RE sites, large and small real estate companies, advertising, all these concerns will get lessons in survival of the fittest.

This is a good time to get into condition and develop a good game plan; it's going to be a tough and excting game (I'm suffering from Superbowl fever).

 

Mike from Savannah

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Rainmaker
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Steve Glose
Keller Williams Classic Group - Orlando, FL
TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
Mike- Im seeing the same thing on my side. Now while im optimistic about my goals for 2008 I also know that there are a number of factors that could be attributed to this increase in activity. We are seeing a lot of international traffic here in Central Florida, interest rates are coming down,much less competition with other Realtors as many have left the market, and many great buys on homes. Here is to a much better 2008 for my team...
Jan 31, 2008 11:53 PM #1
Ambassador
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer
Our pent up demand is breaking loose here.  Pendings are UP UP UP across the board.  I can't wait to see what will happen with the traditionally selling season after super bowl begins.
Feb 01, 2008 02:04 AM #2
Rainer
5,269
Mike Farmer
Mike Farmer Realty - Savannah, GA

It's good to know other areas are picking up as well.

 

Thanks

Feb 01, 2008 05:58 AM #3
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Rainer
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Mike Farmer

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