There's an old song from the 60's (I think....if my memory hasn't failed me!), and it seems to describe our current real estate market and the reporting that's being done on it lately.
"What's up Pussycat? Whoa, ah, whoa ah, Whoa."
My clients tell me often how confusing the market is right now; headlines saying sales are up, but there are "For Sale" signs everywhere, in every neighborhood.
Take a look at this recent article in the REALTOR magazine. It really explains what's happening in our marketplace, and from a source who would want to paint a rosie picture if they could.
There are many factors affecting the stabilization of the real estate market. According to Dave Leniger, Co-Founder of RE/Max International, we're in for a see-saw recovery; some periods up, followed by some periods down. And in his opinion, were not even half way through this declining market. (I know it's a downer, but how can you make good financial decisions if you don't know the truth????)
We're trying to keep up on all the variables affecting the market, so don't hesitate to call or email us to get the skinny, 'cause we most likely will be chasing this cat for a while.
Ciao for now.