My goodness how time escapes us when no one is looking. A lot has changed and for the better I must say. Although our market came tumbling down, the adjustment was long over due. Every ten years the real estate market needs a good shaking and this time our bubble was stretched to it's thinnest lining before bursting. This makes for an extra loud burst and a major shaking up. Sorry for all the analogies but this is the wall street lingo used to describe market crashing and this one is a doozy. As we all hope, the market will be a better place to do business after the shake up. All the over stuffed mortgages will be gone. The foreclosures will come back down to a normal inventory. Prices will adjust and the agents who have survived this will be better people for it.
In my opinion now being back in the front lines, the market feels as if it is trying to stabilize. Since October 1st of this year sales in our office have been plentiful and brisk. November as well and December has not slowed us yet.
My subdivision in Branford, Riverwalk Luxury Homes, is doing very well and it has for last six months. In spite of this market, the people are tired of waiting to see what is going to happen. People will only put their lives on hold for so long.
I'd love to hear your opinions. Please leave your comments and let me know if it would be OK to post. Thanks and I hope to see you all soon. -Mike
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