Since the 2006 sent the real estate industry as the lead car down this ludicrous roller coaster drop, pulling the rest of the market frantically behind it, realtors have been waiting, screaming, with their arms raised, for this ride to hit the bottom. Most predictions in the beginning of 2009 promised a pick-up in the second half.
Well, the second half is finally here and as promised, things are picking up. For the first time this month, the whole nation has seen in increase in the real estate market. Finally, both prices and sales are starting to rise back up. Furthermore, federal interest rates, drastically lowered to stimulate the economy, have not yet been raised, making this the perfect time to buy a house. Even as the national market recovers slowly, locally, Conejo Valley's real estate market has been on the rise with continual growth since February.
However, this upturn in no way justifies a lapse of our newfound vigilance. As an industry, we were staggering drunks brought back to reality by the recessions cold water bucket when our negligent and carefree practices - remnants from a time when any real estate agent that could nail a sign would be successful - came back to bite us. Instead we must take a new initiative to maintain our recession-era carefulness even through the new predicted upswing, because every other company will be attempting to as well. With less job losses, less foreclosures and a nationwide, market-wide recovery, we can finally spring to life again, knowing the economy is finally sprung from its coma.