It is not all that black!
Category: Finances
So another week end is going by and another week end of showing properties and open houses.
For what we are seeing in our area, the prices are “holding” yes offers are being accepted but prices are not “broken”.
The sellers understand that they have to grab the opportunity: it is season and our “snow birds” are here getting away from awful weather nationwide.
This is something that nobody or nothing can take away from us: our wonderful climate, golf, restaurants and the total resort feeling in the whole valley.
So once again our micro market is doing it, we are seeing escrows closings and offers being accepted. It is encouraging, and boy are we happy because the news are drawing us down again and again.
I don’t know what about the media who want to make a sensation by alarming..It is only going to put the potential buyers (who have the means to buy)in a position of skepticism and fear of moving forward.
Our government should counter all those bad news (yes this is how the government should fight this phenomenon): instead of spending millions in introducing money on the market by very inefficient laws, the government should create a campaign of calming people’s fears and show as I am trying to do here to show that it is not ALL BLACK.
This is a snow ball…buyers confidence goes down, the sales go down, the production goes down, the building stops, the money does not circulate , people loose jobs, cannot pay their bills and there we are…recession….
That is where the money should be spent to bring back buyers’ confidence…..
My thoughts go there because 80% of the deals happening in our area are cash deals!!!! People have money they are just afraid to buy and loose on the value within a year. and the market stops……