Almost Everyday!

I get this question almost everyday “How’s the market?”. I think the question really is “Are we going to be OK?”. I have to answer it the same way every time. YES, we are going to be OK. How do I know? Because we have been OK in the past and we will be OK in the future. I have heard it said that the American Economy is an anvil that has worn out many hammers and it will wear out this hammer too.

Check out the chart

Median home prices over 20 years

This is why I believe we will be OK. For over 20 years we have seen an increase in home values that fall on a 4% curve and we are just about back to that curve after a big run up in prices over the last few years. We are making adjustments but the result will be that our homes are going to go up in value again.

I love data and history. If you turn on the news today you will hear the same thing I am writing today. You will also hear how everything is going to crash again and this is just a “dead cat bounce”. The truth is that no one really know (except God) how things are going to turn out but I am choosing to believe that our history can be a pretty good predictor of our future. Home prices have stablilized for lots of reasons but mostly because supply is fallling. No one is building spec homes right now. The foreclosure market is getting realistic on pricing and those houses are getting multiple offers and selling quickly. I am talking about a pattern. Certainly I can find a house that has set on the market for a while that really should have sold but has not. Look closely at that house and you will see something that keeps it from selling. It can be a major problem with the house or something as simple as a neighbor that has an eyesore in his backyard that no one wants to look at but most of the houses worth having are clearing out and doing it pretty quickly.

If you feel like things are falling apart the I would encourage you to turn off the news for a week. You’ll feel better and just possibly you’ll be better because of it. I do think we will find what we seek. Look for something good and you’ll find it. Look for something bad and you’ll find that too.

Call me when you know someone that is looking to buy or sell in this market. Both are possible but they’ll need help. Help pricing, help marketing, help finding the good ones before someone else does. I can help.

Live a Good Life!!
Jerry Robertson
678-231-1578 Cell

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