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Signs, Signs, Everywhere are signs!

By Jeff Martel

Real Estate Broker/Owner with Better Homes and Gardens Real Estate 43° North

February 06, 2009 06:07 AM

Are you looking for the signs of a market bottom? Look around - they are everywhere. The stock market has stabilized at 8,000 - this is a baseline. The jobs market - although seemingly chaotic, is near the end of the layoff festival. Companies have over compensated and have front-loaded their layoffs to over-compensate for a tough economic climate. Housing prices have over-corrected and removed all gains from the bubble. Interest rates are the same as when Leave It To Beaver episodes were brand new! Credit is tight - but not to qualified individuals - and programs are being modified and added every day to help get credit flowing.

By the time the media, or your friends and family realize that the housing market has bottom - they will be 6 months late. Look for the signs - don't wait for someone to tell you!

Jeff Martel | Broker / Marketing Director
208.327.2103 Voice | 208.327.2104 Fax
http://www.43re.com

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Calvin Cowles

Cowles Home Inspection Services Inc. - Newnan, GA

I agree...The only real danger is the overspending Federal Gov't and the bailouts/stimulus bills.

Feb 06, 2009 06:16 AM

TIM MONCRIEF

Tim Monciref - Austin, TX

Over 2,000 homes sold…..

Just tell everyone you know to remember 2009. "you know if I would have bought in 2009....blah blah blah...." We have done it before and I will absolutely guarantee that comment will be brought up in years to come.

Feb 06, 2009 06:19 AM

Barbara Delaney

Park Place REALTORS, Inc. - Roanoke, VA

Dear Jeff,

I am with you! I have had 2 multiple offer presentations this month-lost on both. The buyer still wanted more!

Both of these folks realized the price was great, but they had to ask for more!!!!

Barbara

Feb 06, 2009 06:20 AM

Mal Sillars

Century 21 Summit Realty - Buena Vista, CO

Plenty of signs...I'm not convinced that we are "over it." I'm thinking that there are still some major adjustments yet to go.

Feb 06, 2009 06:21 AM

Associate Broker Falmouth MA Cape Cod Heath Coker

https://teamcoker.robertpaul.com - Falmouth, MA

Heath Coker Berkshire Hathaway HS Robert Paul Prop

I hear that Idahois attracting lots of potato lovers! It was one of the most searched states on REindex in January. (I wrote about it in my blog the other day) Oh boise!

Feb 06, 2009 06:43 AM

David Henke

Long & Foster Real Estate, Inc - Newtown Square, PA

Realtor, Homes Just West of Philadelphia PA

I hope you're right. We're seeing alot of activity so clients seem to be feeling it as well.

Feb 06, 2009 06:49 AM

Diane Daley

Caron's Gateway Real Estate - Northumberland, NH

AMEN to that.... Very well stated I will re-blog to get this post more viewings...

Anonymous

I have to agree with the comment that things are far less rosey with this horrible stimulus bill looming.

Feb 06, 2009 07:10 AM

Signs, Signs, Everywhere are signs!

Comments(8)

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