The foreclosures are picking up. Now it's all "things will get better." Tell that to the people that rushed to buy in the spring who've seen prices crash another 5-10%. We're seeing prices come back to 2004 levels in the Harrisburg area. All I was asking for was a little honesty rather than enthusiastic optimism. Why can't buyer's agents ever offer that?
Buyer's agents should just charge a flat fee whether or not you buy a house.
In my view, things aren't so much "picking up" as "settling." Values have held steady since March 2009 - they haven't gone up, they haven't gone down.
If you've ever been an inpatient, however, you know that you're generally okay with being told that you're not getting any worse.
That's about where we are. In my view.
In a way it is true that things are picking up and, perhaps have been for some time. But they have been picking up in fits and starts and at a snail's pace. Sometimes things actually have gone backwards for a time before moving forward again. And there are no real indications that this will change soon. We can only hope that the pace of improvement will accelerate. So I guess the good news is that we are mostly seeing things "picking up." The bad is that this is slow and frustrating and uncertain improvement.
I understand the frustration that I hear in your voice, but it really is picking up! ;-)
For so long the media was reporting how horrible everything is, but the most recent reports are starting to show an overall increase in sales over last year & definitely the year before & prices have also increased in that time (though both sales figures & prices are no where near what we were doing at the height of the market).
Some areas are doing better than others & there are a few that are still declining, but for me personally I did well for 2009 & 2010 looks to be great!
There will always be a 'lag' between what is actually going on until a pattern can form to be reported so talking to those in the 'trenches' is a great way to gauge the market.
Good luck with your sales & if you have anymore questions, just give me a call (909-262-6221).
Have a great night!
That's where I got the idea that the bank doesn't have the manpower. Although, it is interesting to learn that the banks are attempting to time the market. I'd think with 8,000 tax credits and 4.75% 30 year mortgages, they'd be dumping as fast as possible.