Amazingly, Sunday I tried to put an offer in for a client, only to find out that 4 others had come before and that the seller's agent was no longer taking submissions. The house had only been on the market for 5 days. My clients and I looked at a lot of properties in the San Jose/Japantown area and almost all of the homes we went to see had other people already there, leaving or coming to look as we were leaving. Although I was sad for my clients as they loved the home and really wanted to offer on it, I was pretty thrilled that there was so much activity out there in the real estate world, people aimlessly out looking at houses on a Sunday. Ah just like the old days. Who knows, maybe we might just come out from under this black cloud we have all been under after all. It seems like the interest rates staying low, the Fannie loan limits increase and maybe even the stimulus plan might be taking effect. Either that or it was just a really sunny day without a sports event on TV. As for me? I think I will stay on the bright side of things and hope we will have some recovery over the spring!
Show All Comments
Sort:
DDR Realty - Newburgh, NY
Orange County NY
In my local area, buyer activity and interest are increasing as well. Now sometimes the challenge is obtaining financing for those interested buyers.
Mar 13, 2008 12:03 AM
C21 Sandcastle Realty - Aptos, CA
Qualified Investor
That is great for your area, too. Did you see what happened to rates in the last day or so? I hadn't looked in a few days and today I was shocked. Do you think the Fannie limits caused this or the good close on Wall Streeta? Any thoughts would be appreciated! Thank you.
Mar 13, 2008 06:03 AM
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker
We invite you back to ActiveRain!
Much has changed since your last visit to ActiveRain. I encourage you to take another look at the website.
Surf some blogs, leave some comments. Better yet, post a Blog.
Best to you!
Dec 04, 2015 12:55 PM
Comments(3)