As they say in Hungary, "One Swallow Does Not Bring Summer."
On the other hand, when one has made it to your neighborhood, the others are not far behind! You might ask what does this has to do with real estate.
Quite a bit, because in the last few weeks more and more news is in the media regarding how we are at or close to the bottom of the market. I am not a big fan of the media - since in my opinion - had a big hand in the current market situation, but that is a topic for a different post.
Now I am starting to notice more and more somewhat positive or actually encouraging news. The latest round came when I happened to find Blanche Evans' article on Realty Times, from there I just had to see for myself the articles that she was referencing. Articles like these were non-existent in the mainstream media in the past year. Despite that we as REALTORS® and the NAR tried to get the message out, it was not reported until their own reporters did not start to realize that the "Ice Age" in real estate coming to an end. Therefore, to say the least I was surprised to see Dan Kadlec's "Ignore the Headlines" piece published in TIME Magazine in February 2008. The other one was by Marko Djuranovic at Motley Fool on February 25 called "Why Housing Prices Are Nearing Bottom". Even the occasional news reports on the "Big Three" broadcast stations stopped using one of 2005 - 2006 favorite buzz words "real estate bubble".
Are these contributors the first few of the little "birdies" who will bring "summer" back into a lot of people's lives? I hope so!
Picture © 2003 J.K. Lindsey