I have a bunch of different ideas rolling around in my head and am just looking for the time and inspiration to reduce them to writing however it has been a little while since I’ve posted and wanted to get a few thoughts out:
At the start of the year the agents, brokers, managers, loan officers and title closers were are optimistic that 2012 would be better than 2011. The general consensus was that prices might dip just a little further but that the number of homes sold would increase, though I was a little more optimistic.
Flash forward to today and this market is doing far better than any of us imagined. Inventory is down huge and buyer demand is up huge. Median sales prices are up dramatically though real-world prices are not up as much as the headline number reads, due to this. In fact, I have not been able to find a housing stat that is not improving!
Most people have grown tired of hearing real estate agents say “the market is improving” or “now is the time to buy.” Those phrases have certainly been overused since their inception. This time is different though.
Mark my words, six months ago I said we were at the bottom in the Twin Cities. Six months from now I everyone will actually believe it. The market momentum has changed so much that it would practically take the end of the world to change its direction now.