Buyers are back??

At the end of 2007 buyers were...well....let's just say we hadn't seen a buyer in a long time. Everything that was going on with the lending and the holidays coming had seemed to push buyers in a holding pattern and seller just not willing to attract the buyers by pricing their homes correctly.

We have seen in just the past month activity for both buyers & sellers increase a lot. Buyers seem to realize that no one actually knows when the "bottom" will hit. They realize that they would rather jump into the market now rather than having missed it entirely. Sellers are starting to realize also that they can't compete with the short sale or foreclosure down the street, so if they are very motivated and truly want to sell that have to price it correctly.

I don't believe that this is the turn around point in our market, but I do believe that the buyers that are starting to come around now are the ones that will end up buying. Everyone else that says that they would buy and are not taking advantage of it now, probably wouldn't have even bought when the market changed or in a "hot" market.

I would love to hear comments on what everyone else is seeing as far as activity in their market!

GO BUYERS!

George-