Friday, October 19, 2012

Blah blah, Home Sales, Blah Blah


It seems that there are so many opinions on the housing market that you can’t figure out what is real and what is pumping up the numbers. Who do you believe when it comes to stats?  One day the article says resale’s are on the rise, later that day you read that the market is still crawling out of a hole.

I don’t know of many in the real estate business that are jumping up and down and singing songs of joy.  I look at what I have available to my disposal to review.  Here are real time examples of why things look different.

Ø  I have personally been involved with several transactions that have contracts within the first week of the listing.

Ø  The MLS show an increase of closed listings on a weekly basis.

Ø  The number of showings where Realtors place their cards is growing.

Ø  Realtors are advertising regularly. (this goes down when activity is low).

The market is far from hot and in fact will take a long time to get to that point again, but its like an earthquake, you can feel the pre-shocks!

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