Long Time Real Estate Broker – Observations in this Slow Market

After 23 years in real estate, it's been interesting, albeit frustrating, in this odd market. It's as if the masses, a collective group of observers themselves, are waiting for something magical to happen to inspire them to reach into the marketplace and give it a try. They hold their breath in anticipation for the perfect time to make a move. They allow themselves to get sucked in by the media wanting to disbelieve the idle banter about doomsday while they chatter amongst their family, friends and associates glomming onto each tidbit of information that drives them further away.
I ask myself if I were a buyer right now what I'd do. My motives would be a huge factor, my level of risk taking would also be a factor and the cautious guidance of an experienced Realtor® would surely be a contributing factor. All said and done, I'd wait. How long? Not long.
What could happen next? Will it "bottom out?" History tells us nothing stays the same, particularly real estate. If all we did was wait, a new influx of buyers will hit the market; the college grads that got the new job, the baby boomers that want to move into a townhouse, the many immigrants that come here with money to spend anxious to grow roots, the 30-somethings that are tired of paying rent and on and on...
It will change. And for those of us who "hung in there," will our fruitless patience be rewarded? Yes! Will our diminished numbers prove to be the essence of our existence and joyfully send us into a wild tailspin of activity? Yes, please.
So we wait. We promote. We market. We encourage. We hope and...dear friends...we blog.
Thank you for listening.
Jessie
To see what's on the market.