We've Hit BOTTOM!!!

Since no one really will come out and say it - I guess I will.

In my area (Grand Traverse, Michigan) I think we have hit the bottom of the market. At least in the home prices under 130-150K. Most of the homes that I have been looking and offering on have had multiple offers and are going for at least the listing price!

I also think that many of the true investors ore coming out of the wood work and snooping around. Everyone knows of an "investor" that will come in and low ball any and EVERY home they offer on, but a true investor will recognize value or margins. I have seen more margin buyers, with cash, come out and begin to look. When these guys get off the fence, we will see a great up turn with every pricepoint in the market!

For the most part the stock market is beginnning it's climb and consumer confidence is really getting better evey week. With confidence comes spending and spending creates jobs, jobs create more spending and the wonderful circle continues!

All the buyers that have been thinking of buying - IT IS NOW TIME TO BUY! With prices down your opportunity's are at the highest levels I have seen! RATES are still extremely LOW - who knows how long that will last...

Since were at the bottom, there is no where to go but up - that includes prices and likely rates! If your in the market you will want to strongly consider buying soon.

2009 will be a great year for the Real Estate Industry and I am really looking forward to the rest of the year!