Hello all. Yes, I am a firm believer that the new year will create multiple opportunities in this business known as Real Estate. We have seen the worst, I believe, and are ready for the surge of sales in the coming months.
There are many reasons for this but the two that are most obvious are pent up demand and monumentally low interest rates that are about to surface next year. The talk from the banking community is that a 4 to 4.5% interest rate scenario for a 30 year fixed rate mortgage are likely. This coupled with the lowest home prices in decades will stimulate sales in just about every market.
One more factor is the loss of multiple thousands of agents during the past 18 months.
You can do the math... low rates, low home prices, less agents to sell the same inventory all add up to a phenomenal year ahead.
Get ready by planning for the surge. Have a goal, get a mentor, become coached, yes I said become coached. I live in Wisconsin and we are very spoiled about our quarterback situation here in our state. We have been blessed to have Brett Favre for 16 years. THe best in the league, ever. He too is coached. Every game there is someone who coaches him, the most successful quarterback in the history of the game. You too need coaching. If you think that you don't, then you are looking ahead for a falling short of where you should be or where you think you should be.
Let's all have fun.
Good luck in 2009