The Market Is Improving

By
Real Estate Agent with Your Castle Real Estate, Inc!

Listening to all of the doomsayers out there, the market looks better than last year, home sales in the Denverr Metro areas are growing, and prices are slowly ticking  up. Not that I doubt NAR economist Larry Yun's' assessment of the market, in principle, but at least for now things are looking brighter.After all, we pay him to keep us straight and boost our spirits, so we can kep the market going. That said...it's a trade mag, and designed to do that. If it didnt we wouldn't even pick it up.

Ok, on a different note, my advice is thta we should bust our backside to clase as many sies as we can, cooperate with each other more to get deals more efficiently done, and do it now. There is another wave of bad loans about to hit the country over the next 3 months, becaus that is when volume peaks, and if we don't get gains by May, we may suffer until year end.

Buyer, here are some more brgains to be had, if you can be patient with the shortsale process. Sellers, you should know that there mayt be programs to help you stay in your homes, but yesterday and last week was the time to get started.,

Better check available loand programs, too. They are changing ever 3-5 CALENDAR days. What qualified Wednesday doesn't o Friday.

We have a fiscal fistfight on our hands, and I for one intend to win it.

Chin up, Shoulders back, stomach in, and let's charge into this market and make it work.

 

Comments (5)

Melody Botting
Broker Associate PenFed Realty - San Antonio, TX
You Deserve The Best
Lets gidder' done!
Apr 23, 2008 01:17 AM
Joe Virnig
RE/MAX Gold Coast REALTORS, Ventura County, California - Ventura, CA
No Ordinary Joe
There is no doubt that things are improving and that a bottom is being reached in some areas.  In some of the lower price ranges in Oxnard right now, there are mulitple offers and homes selling for $20-30K over list.  These are typically bank-owned homes that are priced really well, but the buyers are out there.
Apr 23, 2008 01:53 AM
Kyle Whissel
Whissel Realty - San Diego, CA
Who Represents You Matters

The NAR is nothing but a PR firm.  We pay them money and they put ads out all over the internet, radio and TV telling people that everything is great.   This is far from the truth.  Their numbers seem to vary greatly from the numbers of other economic firms that track Real Estate data. They are only telling people what they want to hear and neglecting to tell the whole story.  They pick and choose the information they choose to release.

For example, they recently announed that home sales are on the rise because more homes were sold in March than in February.  While this is true, this has happened every year since the beginning of time as the winter months are always slow.  Things always pick up as we head into the spring and summer months.  This is nothing new.  What they failed to mention is that we sold half as many homes this March as we did last March.  This is the real news.  Maybe they "misremembered" this part.

I don't know about you but I don't like paying my money to a company that is going to tell half truths to consumers.

~Kyle Whissel~ 

Apr 23, 2008 03:44 AM
Bob Cosby
One Source Realty - Shaw AFB, SC

We dropped off a bit and I blame it all to be on the press. If the papers weren't saying the whole country is on a down turn then I would be doing much better. The builders are giving a few more incentives, but are not ready to give the homes away. Hope things are better in your part of the country. Too many people on the fence and need some help to push them in my direction.

Bob Cosby

Apr 23, 2008 02:59 PM
Lou Farris
Your Castle Real Estate, Inc! - Highlands Ranch, CO

Bob,
We also have ourselves to blame. We do not promote the benefts of property investment, through homeownership, or in passive or active real estate investment. On the hwole, we take a passive view of helping clients understand the processes,a nd proactively involving them.

The other thing some of us do, swhich is reprehensible is to abuse the public's trust in us, or think first of our commissions, instead of how best we can serve. Ours is a difficuly life, serving the public, while living ojn a straight commission. Still, it is a positin of being a public servant, and one to be taken seriously. that will reinfore the view of the public that we are there and truly there to help people.

Apr 30, 2008 04:59 AM