Wednesday, July 23, 2008

Good day!

This has been a strong week for finding new buyers. Unfortnatley, I have talking to many vendors connected to the real estate business and many of them are struggling to make ends meet.

We continue to see a number of full time agents having to get part time jobs, title companies closing, lenders losing loan officers and inspectors getting out of the business.

Depending on who you talk to, the current real estate trends could take from 2 to 4 years to recover. It may not recover to the significance of before any time soon. The foreclosures are going to be affecting our market for at least the next 10 years.

Sellers need to continue to have patience when selling their home. It will sell if it is priced correctly and is in appropriate condition.

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