Sorry that I haven't posted my perspective on current events and the housing market lately.
Here's a quick note that I just sent to a friend and client:
I have been busier than a one-armed paper hanger lately. Have three offers out there and waiting to hear back on them... and they are all great offers too! Currently prepping two other offers for submission today. Right now am working with buyers buyers buyers. Not so much listings. The ebb and flow of this biz...
Betwix you and me, I think prices are going to be all over the board for a while, but locally there is a negotiation parity between sellers and buyers. There is a six month inventory based on number of listings to sales rate ratio. Very balanced... and my last three offers have been with multiple offer situations.
[Regarding the news...]
The world is not ending.
It will take a while for all of the extraordinary government intervention to work through the system and for confidence to re-build, but both will happen. That's not to say that there will not be some wild shocks to the system down the road, but I think that we are either past or nearly past the critical period of danger of systematic collapse.
[Some] people will lose jobs and houses. Christmas will be leaner than any in our children's memory. But we will get past this.
Tip o' the Day: Keep your wits about you as others are losing theirs.
[By the way... we are never too busy for you and your referrals of friends, neighbors, and associates! Please call Ray and the SCV Home Team at 661-290-3750.]
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