November 20th, 2008 9:14 PM by Manuel Couto, CRS, CRB
Well, the Roller Coaster in the Stock market continues, as does life. But, as I said in my last update. ... The first time buyers are there. We are getting daily walk in's and phone calls. They (the first time buyers) are looking in better neighborhoods, for foreclosed or short sale homes. We, as Realtors, are showing them that there are regular homes loved and maintained by homeowners and tenants, that are similar if not better bargains.
According to polls, the time from first contact to sale is anywhere from 3 to 6 months on average. That means AFTER the holidays, this spring, if the interest rates hold and jobs stay, then we should have a great spring.
Remind me in the spring if I am right or wrong.