Hello...
We have made it past the Inauguration Day of the newest edition to the long list of citizens who have been elected to the position of President of the USA. No matter who you voted for in this election, most folks in our industry are carefully watching what we as a country are going to do differently to jumpstart our sluggish economy. On Inauguration Day, we saw the market dip about 300 points... not the effect anyone wanted to see. On Day 1 we saw the market gain what it lost and then some. Day 2, as I am writing, the market seems to be pretty steady. So, is there an Obama Bounce happening? Not sure...
One thing I know is that our local Northern Michigan market is doing quite well. I have continued to have buyers contacting me, looking at homes, and most importantly... writing offers! So, is this the Obama Bounce? I think its just the combination of several factors playing themselves out and Americans putting one foot in front of the other and getting back to basics to keep America strong. Whatever it is, whoever you voted for, keep the optimism up and make sure to share your successes, rather than your failures, with your clients and coworkers in your local market. Call it what you want, but I think really its the American Bounce!
Steven Terry- Mark Hagan & Associates
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