This past week our listings saw an average of about 2 showings each. That’s about on track with this same time last year. This year, traffic doesn’t see to be the issue, but rather it is offer activity that seems to be slower than usual. Although, things do seem to be picking up some and I’m certain that the second half of this year will be stronger for sales than the first half has been. And of course, relative to the same time last year, the second half of 2011 should be a big improvement.
Even though the media is ‘required’ to put a negative spin on market news to get ratings, even the media is beginning to recognize the opportunity that today’s market presents for buyers. Check out this article that I read at MarketWatch.com called ‘Housing crash is getting worse’. The first page of the article is an amazing spread of gloom and doom. BUT, when you get to the second page the journalist goes on to explain that he has become bullish on real estate for a variety of reasons. (Cheap prices, great deals, cheaper to buy than to rent, and low interest rates). Its almost too good to be true and it seems the general public is living that cliche. I’ve been talking about that here in this blog for months!
Its likely that most people won’t read the whole article but will skim the first page for the synopsis and then move on. Those skimmers will miss the part where the journalist outlines the reasons why now is the time to get back into real estate. So is this guy just looking for ratings? Or does he want the masses to continue to believe the gloom and doom so he can profit while you miss out?
There is definitely opportunity out there. Its a buyers market baby, and oh what a buyers market it is.