Periodically C.A.R., the California Association of Realtors, publishes newsletters, e mags and other useful information which I find interesting and helpful. One such email I get from them is called “One Cool Thing”. I especially enjoyed reading this one for in today’s extremely hectic housing market, it is easy to become pessimistic about what is going on. Thus, one must step back and simply consider where we were four years ago. As it often does, housing sales and a stabilizing housing market is at worst holding up this economy and if it continues, it will lead us back to true stability.
Just yesterday, I was at an office meeting and we have what’s called a shout out. This is where we are asked, and by we I mean approximately 80 of the most productive real estate agents in the Napa Valley, about different sales, open house traffic and the like. When asked how many short sales these agents have going, only six raised their hands. One year ago, this would have been 20 and a year before that, about one half of all sales were underwater, i.e. shorts sales.
The real estate market is improving and if you read any economic news from a reliable source, you know the housing market is always said to represent about one half of all economic activity here in the United States. So smile, we truly do have a good reason to be optimist.
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