I thought that title might get your attention.
I had some really good news from our company's mortgage specialist that I thought I'd share. There's been enough bad news passed around...I feel we are all overdue something positive. According to her industry sources, (from figures derived from area appraisals and AVMs) in our county and surrounding counties (according to zip code), we have moved from the soft (declining) market list to the stable market conditions list! It's official...things are looking up!
AMEN! I've been so ready to hear those words. In our office, it has felt like things have been picking up, but I didn't want to jump the gun and get my hopes up too high, but this confirms what I've been seeing... the market is like a patient on the mend, and has moved from intensive care to patient discharge. Good health looks inevitable, and we can see the light at the end of the tunnel.
The indicator from the finance companies underwriting engine has shown our area's zip codes in decline since early 2008, but now that our market has stabilized, LTVs should be on the rise for our Buyers, as well.
So I am all for spreading the word..."We have scraped bottom and are on our way back up." Buyers: Time to BUY... don't miss your chance.
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Hello, I'm Mark Hendry, a Real Estate Professional in beautiful Blue Ridge, Georgia. I have a passion for this area, it's landscape & it's people. Let me share my love of the Blue Ridge area with YOU!
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Hi Mark - my market here in Portsmouth NH and surrounding areas has picked up markedly so recently, and I suspect we'll see that we hit bottom a few months ago, when we look in the rearview mirror.
May all of our markets experience positive activity!
Ann
Ann, I think we're the survivors, and DANG PROUD OF IT. Glad to hear it's a national trend and not just regional. I second your sentiment...here's to POSITIVE ACTIVITY. Thanks for dropping by.
Mark - you're right about the survivor part! We're still here and the market's turning. We have some towns in my area that are really busy and others that have yet to really hit the bottom. I have faith that they will soon. The market will turn around - it always does.
May we both reap the rewards of having hung in there these last 2-3 years during this challenging market.
Ann
Ann, everything is cyclical and it's just nice to feel like things are on the upswing. Real, real nice! I hope we both reap all we have sown throughout all the down times. Thanks for the support.