Let me offer 3 reasons for optimism and, therefore, 3 reasons to renew your efforts:
- Mortgage rates are affordably low for many people who might not have qualified at last year's rates - even under today's more stringent qualification rules. Although it may take more time, people can qualify for loans. Qualify first, so that buyers and sellers can proceed with confidence.
- Most first-time home buyers - and there's a fresh group every month - are in better financial shape than those from older generations, who have run up mountains of debt. First-time home buyers are good prospects - as are many recent immigrants. Focus on niche markets like these.
- Real estate professionals have been closing transactions throughout this downturn, and the pace is picking up. Every day, my TwitterStream and Facebook Status reports describe listings sold, offers accepted, financing granted, and closings concluded.
Have you observed other reasons for optimism? Please describe them in a Comment!



A friend of mine, too shy (?) to leave a comment, provided this 4th reason for optimism:
ReplyDelete4. There is no shortage of homes to sell. In addition to the usual homes offered by resident homeowners, every foreclosed home is on the market and will require a real estate professional to match it with a qualified buyer. In the meantime, banks need experienced people to manage and safeguard their properties.