Foreclosures are up , Prices are up, Sales lag. Huh?
Is the world going crazy? How is this possible? Despite heavy foreclosure data, and bad news, there is good news in the market. What are you going to believe? Whose job is it to SELL the good news? The newspapers? Yah right. Your franchise? Not going to happen as they are too busy selling franchises and trying to keep out of court.
Do you a have a website? How about a blog? Are you an evangelist? This right out of NAR:
Price Trends Improve During the second quarter, home prices improved in the majority of U.S. metro areas. Price increases were apparent in 97 of the 149 metropolitan statistical areas surveyed by NAR. That compares with just 83 metro areas that had price increases in the first quarter of 2007, and 68 areas in the fourth quarter of 2006.
“Although home prices are relatively flat, more metro areas are showing price gains since bottoming-out in the fourth quarter of 2006,” says Lawrence Yun, NAR senior economist. “Recent mortgage disruptions will hold back sales temporarily, but the fundamental momentum clearly suggests stabilizing price trends in many local markets.”
The Message to your market: If You Snooze You Lose.
Selling the "fear of loss" is how you made your living during the boom years. Here is your chance again.
