Along with you, I am chompin' at the bit to kiss the memory of the '07 real estate market "Adios." Our tendency is to "blame the media" for the market downturn (as well as the war in Iraq, global warming, drug abuse, teen pregnancy, and the price of gas). They are such an easy scapegoat. Well, for the past couple of months I've been posting my views of how we got here - and what we should be doing about it. I've even made some predictions of how the coming year will be.
But here's "The Big Why"... the underlying reason things will begin the recovery process this year. It's not interest rates or Federal sanctions or low prices or short sales or foreclosures or slowing new-build rates or foreign investors feasting on the weakened dollar or snow and ice "up Nawth" or any other factor... except: Pent Up Demand. That's right - you heard it here first. Everyone is sick and tired of snivelling and whimpering on the sidelines. Americans want to get back in the game. It's been over two years and we can't stand a market with no action. This is the year that sellers will truly understand their position and that buyers will come out to play again. It's called "The Beginning of a Balanced Market." Come on 2008 - Show us what you got...
Thursday, January 3, 2008
Mantra - "It will be GREAT in 2008"
Along with you, I am chompin' at the bit to kiss the memory of the '07 real estate market "Adios." Our tendency is to "blame the media" for the market downturn (as well as the war in Iraq, global warming, drug abuse, teen pregnancy, and the price of gas). They are such an easy scapegoat. Well, for the past couple of months I've been posting my views of how we got here - and what we should be doing about it. I've even made some predictions of how the coming year will be.
But here's "The Big Why"... the underlying reason things will begin the recovery process this year. It's not interest rates or Federal sanctions or low prices or short sales or foreclosures or slowing new-build rates or foreign investors feasting on the weakened dollar or snow and ice "up Nawth" or any other factor... except: Pent Up Demand. That's right - you heard it here first. Everyone is sick and tired of snivelling and whimpering on the sidelines. Americans want to get back in the game. It's been over two years and we can't stand a market with no action. This is the year that sellers will truly understand their position and that buyers will come out to play again. It's called "The Beginning of a Balanced Market." Come on 2008 - Show us what you got...
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