My phone has begun to ring off the hook! Not that it's on a hook and not that it rings. But you get the picture.
Something has broken loose over the past few weeks and buyers are coming out of the woodwork. Perhaps it's the rate cuts provided by the FED. Perhaps it's because the holiday season is over and people are ready to get serious about real estate again.
Whatever the reason, I have a feeling that those buyers who have been sitting on the fence should hop on the bandwagon and start buying. I have another feeling that the market is slowly shifting back to a seller's market. Yes, there are still tons of pre-foreclosure and short sale properties available, but those desirable properties that have lowered their prices to rock bottom are going to be in high demand, and I believe the prices will start to climb again.
I'm no psychic, but it seems like people are clamoring to see a few of my properties and I'm only one agent. Imagine that activity happening for all agents in the area!
It's a good time to buy now.
Saturday, January 26, 2008
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