A reason for hope ( Not stealing from Obama )

By
Real Estate Agent with Remax Realty Services

     Not to steal Obama's thunder, but the spring market is definitely here. I have seen increased activity, and so have my associates in the Remax office I work out of in the Bethesda area. Many of us are very busy. Too busy to eat......busy. Like we like it.....busy. Boy did we miss this......busy. God, I hope it continues....busy. In short the market has picked up. I had four listings as of March 1. Two are under contract as of the last 10 days and I got 2 calls on one of the others and 1 call on the last one today. I might have 3 under contract in 12 days if I can believe one of the agents that called today. Now I am wondering what I am going to do when these sell.  What a nice thought. Thank God I have good buyers. We have had such a tough time since Fannie Mae said "no stated loans" in August 07. The market was flat throughout the fall. It picked up for me December 26, believe it or not. I started getting calls. I had 13 listings at the time.

     There are alot of reasons to hope. Yes, there is uncertainty in the economy. Today the Fed lowered the key rate 3/4 of a point causing a 420 pt jump in the Dow. Omigod. I hope it doesn't all go away tomorrow. But I digress. The government seems to be trying to play catchup and prevent the dip in the economy from going any further. Interest rates continue to be low. This morning a lender I talked with said he could have locked a buyer of mine in at 5.5. The buyer balked and the rate went up to 5.87.  Oooops. There is without a doubt, more interest in the buyers out there to go out and write. I have 4 on the edge of the process. We had such a while where the buyers had no confidence. Not that we blame them. So take heart warriors of the MLS. We will enjoy this while it lasts. Via con Dios.

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Rainmaker
672,218
Jim & Maria Hart
Brand Name Real Estate - Charleston, SC
Charleston, SC Real Estate
Thanks for the positive post, Mac. I have also seen the market pick up and feel that it is our job to continue to paint the positive picture for everyone. Thanks again, Jim
Mar 18, 2008 03:56 PM #1
Rainer
14,867
Mac Mccord
Remax Realty Services - Bethesda, MD
Helping Buyers and Sellers in Bethesda
My pleasure Jim.
Mar 18, 2008 04:01 PM #2
Rainmaker
552,889
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Mac,

Good info. We too have seen an increase in activity since mid-Jan. Translating into offers and openings. 

Mar 18, 2008 04:19 PM #3
Rainmaker
717,806
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY
I'm seeing a slight uptick around here as well, but its not that significant.  Don't know if its a trend or not - Let's hope so. 
Mar 18, 2008 04:30 PM #4
Rainmaker
73,557
San Diego real estate blog San Diego real estate agent
brokerforyou.com CA Lic#00706331 - San Diego, CA

Good post. Hope this activity moves out west to San Diego.

Bob

San Diego real estate blog 

 

Mar 20, 2008 05:31 AM #5
Rainer
14,867
Mac Mccord
Remax Realty Services - Bethesda, MD
Helping Buyers and Sellers in Bethesda
Definitely Lynda. It is great to be busy for once.
Mar 20, 2008 05:47 AM #6
Rainer
14,867
Mac Mccord
Remax Realty Services - Bethesda, MD
Helping Buyers and Sellers in Bethesda
I hope it does for you. Thanks, Bob
Mar 20, 2008 05:47 AM #7
Rainer
14,867
Mac Mccord
Remax Realty Services - Bethesda, MD
Helping Buyers and Sellers in Bethesda
Ruthmarie, Lets all hope it continues for at least a little while. I don't like watching tv.
Mar 20, 2008 05:48 AM #8
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Rainer
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Mac Mccord

Helping Buyers and Sellers in Bethesda
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