Well we’re into August now and many people are still wondering when summer will arrive. I heard on the radio this morning that it may be 95 degrees this weekend so maybe there is still hope that we’ll see some nice weather and the effect that it seems to have on bringing out the potential Buyers. I’m encouraged that there have been some positive indications in the media that the market may be to the point of a possible turn around. But before any of us get too excited, I think we need to remember these are just predictions and it will take some time for any of the positive forecasts to show up as actual results. But at least there are some positive things being said.
It is an ongoing, literally everyday struggle to work with Buyers today in this market who are anywhere from simply afraid or concerned about making a move to being downright negative and pessimistic about the real estate market, all as a result of everything they hear and read and have been told about these challenging times. Our only response is to try to point out the favorable interest rates and some very attractive asking prices that have been adjusted by some Sellers in response to lengthy times on the market and the reduced number of sales taking place across the board.
Some segments of the market have been extremely slow as far as activity and showings, in spite of our advertising and marketing efforts. The only good thing is that both the showings and the lack of showings tend to run in spurts, so we often have the possibility of making up for lost ground in a short period of time. We’ll continue to push forward and remain optimistic that the market will respond favorably to some of the recent news, and that we will be successful in finding a Buyer for your property in the very near future. I’ve included links to some of the articles I mentioned for your review.
USATODAY Article on Pending Home Sales
USAToday Article on Manufacturing
CNNMoney Interview
USATODAY Article on Housing Rebound
USATODAY Article on Best July for the Dow in 20 years