Can you see the light????

Real Estate Agent with Sowards & Assoc. Realtors

As I listen to the fact that the Fed has cut the rates again...I wonder if we are ever going to get out of this housing slump. Gas prices are way out of whack and that is tied to what the Fed is doing as well. Every time they cut the rates it weakens the dollar and the cost of oil goes up as a result. THere is light though!

My phone is starting to ring again and not just a little. I have listings coming in and people actually wanting to go look at them!!!! I know it's crazy...but I think that the average American consumer is getting pretty ticked off with the way thing s have been going and they are not going to take it anymore. It seems that people have decided that they are going to go out and resume their lives. That means that they will buy gas....go on vacation...go to the new shoes...and bring them to the closing table when the buy a new house.

While we may not be able to see the end of the tunnel yet, we can say that many Americans are pulling out their flashlights and pretending there is a light. My two cents is that you should do what you think is right for your family. If it is time to an agent (preferably me :) ). If you need to hold off until you can get good value for your home...then wait. However, keep in mind that the market is correcting itslf, so what you may have seen as a good value for your house 2 years ago might not be attainable even after we are out of this mess. Also, remember that the home that you are buying is in the same shape you are in. They are nowhere near where they want to be either.

So go out there and buy or don't buy (your call) but just remember that the real estate inventory has never been this high (that I can remember) and deals are out there to be had. If there has ever been a time to buy, you are looking at it. Jump in and in a few years you will be glad you did!         

Comments (5)

Glenn Prieto-Commercial Real Estate Lender
Colonial Pacific Financial - Miami, FL


Welcome to activerain and thank you for the positive blog.  I agree there are some great deals out there right now.  Go to to see our commercial loan products.  Colonial Pacific is a direct commercial lender and lend in all 50 states.  Call me if you have any questions or want to run a scenario by me.  Thank you for your consideration.

Apr 30, 2008 04:27 AM
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here.  It is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Apr 30, 2008 06:10 AM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm
Apr 30, 2008 10:00 AM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Richmond,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!


Apr 30, 2008 04:24 PM
Dorene Shirley
The Mortgage & Property Connection - Campbell, CA
Silicon Valley Real Estate

Richard - Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer.  The more you browse the more you will learn.  I have found this site to be really helpful to me.  If you have any questions, please don't hesitate to email me, I will do whatever I can to help.

May 01, 2008 12:59 AM