I think I get asked that question 10 times a day. Usually, the person that asks has a look of sympathy on their face. You can see the wheels turning....wow...how is she getting by? My answer usually receives a response of surprise or incredulity.
That's because my answer is usually "Not so bad ". I know they expect to hear the same ramblings they get on the TV. Horror stories! The sky is falling!
I tell them all the truth. There are huge opportunities out there. The market has never been better for first time homebuyers. Interest rates are phenomenal. It's an uphill battle to convince them that some of what they are seeing is media hype. And while there are still reasons to be cautious, there are reasons as compelling to jump in.
People always ask me if we've hit bottom yet. My answer is ..How would you know if we did? After a bit of confusion, they ask how. And I say....you'll know we've hit bottom when we start heading back up. And by the time you realize it, it will be too late.
Although it would be great to have that real estate crystal ball!