I often get asked about how things are going in real estate
Tuesday, October 14th, 2008I’m not sure if people want to hear how horrible things are for me or if they want to hear that I am now working as a night watchman at the mall, but I tell them the truth. I am having a pretty good year. Much better than last year in fact. Now, I am not going to win the realtor of the year award in the Dayton area but things are going just fine. Yes, things have changed. Loans are harder to get approved, there is less activity in the marketplace, and houses take longer to sell, but my phone is still ringing. People are buying and people are selling. The news would indicate that real estate is dead, done, no pulse. This is just not the case. We do nor live in an area where housing prices are dropping 30%. The Dayton area is experiencing some depreciation in home values but that just means there are some bargains out there. You get a little less when you sell but you make it up when you buy. The sky isn’t falling.