Yesterday, at our MLS meeting before tour, one of the local lenders stopped by our table to chat. "So," he starts, "I think this market is going to stay this way (down) for another two years." He's looking at the Realtor to my right, who has been in business in the same office, same area, for over 20 years. She says, shaking her head, "I think it's going to turn around by October."
Now, I'm sitting between these two, both are experts at what they do and no rookies to the game of Real Estate. WHO do I want to believe? What do I really feel?
... Well, I want to beleive the Realtor, of course! I want the market to turn around TODAY. Do I REALLY believe it is going to? Naw. With the media playing this topic up day in and day out, it's difficult for anyone to get, or stay, optimistic. And I am GENERALLY Ms. Optimistic. However, this is another day and I am going to give OPTIMISM another shot just like the little train story...I think it (real estate) can recover....I think it can....
What am I saying: I KNOW IT CAN AND WILL!
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I'm of the opinion that people can be like a forest fire in the sense that they can make their own weather. We can make our own market.
The Chinese symbol for crisis is a combination of two symbols, one is the symbol for danger and the other the sybol for opportunity. Right now there are Realtors and Loan Officers who are taking the steps necessary to take advantage of this "crisis" to make their own weather! How's that for mixing metaphors! ;-)
Bob Mitchell
ValueList Real Estate Services, Inc.
Whoops, forgot to check the box to follow this one...
Bob
Kat,
I love your optimism, staying positive and moving forward! :)
Kathy - I agree with you. Being optimistic will allow for more creativity and adability in a changing market. We can all sit around looking like "Eeyors" saying: "Oh brother, why bother..." or we can find ways to catalyze the influx of existing surplus housing.
The Fed did meet today and here are Bernanke's thoughts on the current market situation: http://www.marketwatch.com/news/story/bernanke-foresees-moderate-2007-growth/story.aspx?guid=%7BFED1A306%2D9818%2D4A52%2D8022%2D7B38996586BC%7D&siteid=bnb
Take from it what you will. I still go with you and Bob and everyone else that sees Real Estate as a life style, not a fad.
**Please visit my personal website: www.qualifyandclose.com
Best of luck!
TONY: Thanks...and I will! And yes, the question is when?
BOB: MAKE their own weather? I can buy that... Glad you stopped in!
SUZANNE: THANKS! That's all I (WE) can really do...
DIANE: I know exactly what you mean. However, I have seen some top-producers stumbling even through they're working their behinds off. Tough market... which means WORK harder. I agree with you!
ZACH: I don't think that read made me feel so hot. LOL Thanks for stopping by, though.
That must have been an interesting place to be - between the two of them. Did they get into a "discussion"?
I think if we all go around projecting doom and gloom then that is what the public will see and expect. And react to. However, if we all act calm, reassuring, and continue to move forward- so will our clients.
Optimism, yes this is truly the Little Engine that could.
The hardest part for me isn't staying optimistic, it's having to tell Sellers "No, we don't have any buyers yet." I have used my down time to learn how to keep the Realistic Sellers optimistic.........I already know I have to deal with this Market myself, but I feel I need to help the sellers not lose faith.
Debi: The debate didn't last long, as the meeting started. YES, we have to keep moving forward, one step ahead of the other. THANKS for commenting!
Kathy: I so AGREE. Trying to keep our sellers optimistic is difficult! I do a lot of "I'm sorry...the market is just rough right now." Kathy, THANKS for stopping by.
Right on , Kat. I don't listen to negativity of any sort. Positive thinking definitely has an affect on everything around us and most of all, on ourselves. Somewhere I read a story about a man whose son kept telling him that business was going into a slump. Eventually the man started to believe him so he took down his road sign, stopped networking with new and old clients, and guess what ? His business went into a slump.
I hope you are having a great day,
Jo
WOO-HOO: Glad you stopped by. WE should ALL keep doing our thing the best that we can... as you do always. I am a news junkie, I must confess...
JO-ANNE: Absolutely true--listen long enough to NEGATIVELY and it WILL follow. Thank you for commenting.
Kat, okay how did you manage to come up with this guy? I love him!! I'm addicted, it is so true.
AND you lost your other blog? How sad!! Isn't he cute...............