A Time for a Reality Check
Monday, March 1st, 2010Times are changing and moving faster than I’ve seen in my 32 year career as a Realtor. There is an ebb and flow to the real estate market. It almost has its own pulse and mood swings. To be sure, one must be an observer to understand the market’s character and depth of soul.
I know this sounds like you and me. It sounds like the real estate market has a body and soul. It sounds like someone you might know. If you think about it long enough, any market is made up of one main ingredient…us!
To understand real estate is to understand the human psyche, because the market is made up of people who collectively move prices, commodities, and in the end the fears, hopes and desires of those who enter into it. If fear and uncertainty are dominant, prices may move quickly in either direction. When times are more predictable, prices stay more stable. Where is the real estate market today, and where is it headed?
First it pays to listen and listen with both ears! Listen to your neighbors, friends and family when talking about purchasing their first home, selling their long time home, or their plans to hold off or move forward. Listen to the (more…)
