Saturday, March 16, 2013

Real Estate Slowdown? Where?

Real Estate Slowdown
So all I have heard from the media lately is .... Housing market is going to flatline (National Post),  Housing market shows signs of cooling (CTV),  Housing market slows, Numbers are down, etc.  You are starting to get my drift !!

Well, I eat, breathe, sleep real estate and all I can say is: WHERE???  This sure isn't happening in Durham Region or in the east end of GTA.   I can only speak of what I see and what I know.  I heard the President of CREA last week speaking at a Leadership Conference I was in and she used a line that stuck in my head. "Is this what you THINK or is this what you KNOW?"   And it very true.

People run around saying all kinds of negative things and yet all the buyers I have that find the house they like, usually end up in multiple offers.  It is happening everyday.  SO?  I ask you - where is all this negativity coming from ???

Interest rates are at an all time low !  I remember in 1989 my mortgage was 18%...so let's stop with all this "end of the real estate market" as we know it.  House prices are still 2-5% higher than last year and if the home is presented properly, it SELLS in a minimum amount of time.

Don't feed the negative frenzy.  Agents are looking for listings because we have buyers and not enough good inventory out there.  If you want to sell you home quickly, do your homework.  Clean, fresh, less clutter, a good agent and comparable market price and you won't have a problem.

So if you are thinking on buying or selling your home, don't listen to all this nonsense.  It seems whenever the media has a slow day, they pick on real estate.  LOL  :)

Real estate STILL IS and ALWAYS WILL BE your best investment.  Ask your parents, or think about 20 years ago if you knew then what you know now !!    The rate of  return is second to none !!  Ok, my rant is over !!
On that note, if you are thinking of buying or selling an want a candid honest opinion, I would be happy to come by and meet you and discuss it.

Have a super day !  Cheers xo
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