Chicken Little Strikes Again!

First thing this morning, I wake up to the national news on the radio, blaring out more alarming news in the housing market: "Housing Slump Takes A Turn For The Worst!", "Median Prices Fall To Levels We Have Not Seen In Ten Years!", blah-de-blah-de-blah.

I could (and will at a later date when I'm not pressed for time) pull up some local stats, but for the present moment I am just going to stick my finger straight up into the air and say, "Waitasecond - I don't think so!" to all this media hype.

Why? Because:

 a) All real estate is local. I truly do feel for people having anything to do with real estate in other parts of the country, where prices are indeed falling as quickly as they rose the past few years. But our situation in the Pacific Northwest is different. We have a much more robust housing market here.

b) I'm suddenly seeing "SOLD" strips on signs all over the place.

c) I had 14 people at my Open House yesterday - yeah!

d) I actually had multiple offers on a property that was PRICED CORRECTLY FOR THE MARKET last week.

e) In our office, I am seeing lots more contracts being written, lots more showings scheduled, conference rooms filled with buyers and sellers. 

Yes, interest rates are in flux, but heck, they are still LOW, people. And prices are leveling out for the most part.

Like I said, there's no scientific substance to this particular "market analysis", just my feelings and observations.  But I just wanted to let you know that the sky is not falling!

Thanks for stopping by my blog!

Comment balloon 5 commentsLisa Bosques • February 25 2008 10:00PM
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