Welcome to Spring!
...well not officially...
officially... it starts on the Vernal Equinox, on March 21...
but I call it spring because of 2 reasons:
1. The daylight is now an hour later.
2. The elusive buyer has risen from hibernation
yes!
The elusive purchaser real estatus
The last time they were spotted was about two years ago. But now herds of them are arriving due to the thawing of the market.
The icy blocks of lending capital are beginning to break free from the glacial pace at which they were hotting open ocean of new loans...
Long story short, the spring and summer are the traditional buying season of real estate.
The summer is prime transitional time because there is a break in the school year so the kiddos can have a smoother transfer.
Also, the days are longer and so people are out more driving around and noticing all the nifty homes that are on the market.
I have been talking to other Realtors (r) and they are noticing a sharp increase in open house traffic as well as new buyer phone calls.
I am beginning to average 2-3 new buyers a week who are actively in need of new housing!
The major motivating factors of real estate will never go away...there will always be job transfers, deaths, divorces, marriages, inheritances, lottery winners, job losers, the list is endless...but the important thing to remember is that people still need to live somewhere, and some body will always be downsizing from something in a down economy.
Sunday, March 8, 2009
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