Current Real Estate Market

Real Estate Agent with Brenson Realty, Inc. 01800344

Being the owner of Century 21 Preferred, I talk to my agents on a daily basis.  In our recent meetings everyone is saying the same thing,"The market is starting to take an upward swing."  The phone is ringing 5 times more than this time last year and every bank owned home I make an offer on has several others already.  I really feel that we are at the bottom of this real estate tumble we have had for the past two years.  With rates for a 30 year fixed mortgage at around 5.5% the time to buy for many renters is right now.  I have several clients right now that are buying, because with the low prices and interest rates it does not make sense to rent.  At the recent home auction in San Diego over 3,000 buyer's showed up for 228 homes at 10 to 1 ration, we have not seen numbers like this at any auction.  If you have any questions regarding your real estate needs please call or email me.

 Thank you...James Brennan - Owner: Century 21 Preferred

Comments (5)

Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate
I agree with you. I think my business had doubled since the beginning of the year. I think it will get even better during the spring time.
Feb 07, 2008 07:39 AM
Julia McCain

I am in escrow, and we see the final chapter.

It's happening in Washington. It is a very slow and awkward climb, but things are starting to pick up again!

Feb 07, 2008 07:47 AM
Janice Sutton
1st Stage Property Transformations - Murrieta, CA
Home Stager - Temecula Murrieta

Hi James - Welcome to AR.  Great positive 1st blog!

I have a girlfriend that has put 5 offers on bank owned homes in Murrieta (ranging from $299-350)and lost them all to better offers!  I was shocked but happy that we are finally on the upward swing!

Feb 14, 2008 03:55 AM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here.

There are some great group both local and broad based,.... enjoy!

Feb 15, 2008 08:23 AM
Steve Harris
Real Estate III - Charlottesville, VA
I just want to tell you that I am glad you joined active rain. It is a great place to network!
Feb 16, 2008 09:51 AM