The Economy and Future Real Estate Demand


While we are nearly through the first six months of 2009, normally by this time of year real estate would be booming and many, many homes would be sold:  this is, after all, prime season for real estate.  This is a different kind of year, unfortunately. 
A beautiful sunset with no relevance to post subject
A beautiful sunset with no relevance to post subject

 Some Homeowners have been delighted to experience a rapid sale of their property.  Others, however, despite very appealing, well-priced homes are experiencing excessive marketing time.  There does not seem to be a plausible explanation for this other than maybe good fortune by some, misfortune for others!  Occassionally, the right buyer just happens to come along sooner, rather than later.  While we as a real estate company are continuing to do every marketing activity to create sales known to man (practically), sometimes it just doesn’t happen as quickly as we would like.

 
THE FUTURE may be better.  Our belief is that there will be pent-up demand in the near future for real estate.  This view is shared by many in the know about the economy.  We believe that those who would have normally purchased by now given the very enticing interest rates, available Seller concessions and well-priced inventory of homes have been waiting – IT’S OBVIOUS – but are still the Buyers of the near future. 
 
When the dust settles and these Buyers realize their jobs are secure, we believe they will act and purchase.  A problem for those already owning homes which would need to be sold would have to be remedied.  Given the fact that this pent-up demand exists in all price ranges, however, it is likely the chain reaction created could solve the problem. 
 
We are waiting, watching and working to help this to happen sooner, rather than later for all of our loyal Buyer and Seller Clients.  WE CERTAINLY APPRECIATE THEIR PATIENCE.


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