Christmas is fast approaching and the New Year is right around the corner. Since the year is coming to an end it makes you ponder what 2009 will bring. We have a new President and very challenging times with the economy. Interest rates have been lowered to a point that they have not been in a while and incentives are being offered to first time home buyers. The days of the sub prime loans are long behind us and it leaves us to wonder will our buyers that can really afford to purchase homes be back in 2009?
In looking forward into 2009, we have the beginning of a new administration in the White House. This is certainly going to have an impact on the direction for 2009. Consumers will have their eye on what President Elect Obama does in the first few weeks and months to help pull us out of this challenging time. Many questions will be pondered by Americans and many people across the world about the economy, foreign relations and the war on terrorism.
I was talking to a couple of builders tonite at the gym and they believe as I do that if they lower the interest rates enough the buyers will come. Pardon the pun but if you build it they will come. It has been a very challenging year for everyone in the Real Estate business (builders, agents, mortgage brokers even insurance agents) but in this business, the strong survive. If we all hang in there and work hard this too shall pass and we will all be celebrating success when the time comes.
Remember the real reason for CHRISTmas and be sure and celebrate the season.