Hey, Who Closed that Window?!
Well, how about them apples! Economic reports are showing home sales up and prices down. I wasn’t expecting that news quite this early. But don’t worry foreclosure hounds, this may not be much more than a fluke. On the other hand, perhaps this is a sign that real estate fears are dwindling and there is less hesitation among the masses who have been sitting it out.
Some of you may be feeling a little jittery, wondering if this is a sign of an impending bottom. But listen to the news carefully. Sales are up, yes, but prices are down. Keep in mind too that new listings are still plentiful, interest rates are low and the economic slow down is expected to last through the end of the year. Is this bad news for anyone? Seems not, I don’t see anyone losing in this environment and it’s just the sort of glass full scenario that makes me grin with satisfaction.
So consider this a welcome change from all the doom and gloom we’ve been hearing. Everyone was getting a little tired of the foreclosure record being played over and over again. Personally, I don’t care to listen to another sob story about the lending crisis either. It’s a lesson in the history books and it needs to stay there.
Fence riders, get ready to dust off your jumping shoes. Here’s your chance to hop off and get in the game. This is the perfect time to actively engage and you can do it at your leisure. Finally, the frenzy is quieting down and you can shop, surf and invest without feeling that agonizing sense that something horrible is going to happen or the pressure to buy now or forever miss the boat.
Recent Orange County Sweet Digs Posts:
Santa Ana: Real Estate Market Report
Selling Your Home Like a Dating Service
Chick It Out: Creekside Condos Sold in Orange
Tips for Homebuyers: Buy New or Old?
