Tuesday, July 29, 2008
Market Sentiment...
This is more our perception than anything else, as I've not compiled any statistics to back this up...
We're getting the sense as brokers that the overall attitude toward the market is shifting. Up until recently, potential buyers were adamantly opposed to pulling the trigger until they "saw the bottom".
Have we seen or at least reached said "bottom"?
There is something in the air now that's been noticeably absent in recent months: people are actually looking at and buying real estate. Savvy investors are capitalizing on opportunities and first-time owner occupants are moving in on 2,3, and 4 units. Hooray!
Lenders are still very tight-fisted and conservative, but there are some signs that even they are starting to come around. I've heard some very positive things with regard to both owner occupants AND investment programs. Let's get in the game people!!
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