I have been in this industry for some 19 years and have seen several up and downs.
But i do rememeber thata each time on the way down, and particularly when the market is close to the bottom of the curve, buyers start coming out in numbers, looking at properties.
They are looking but not buying. Waiting for that magical sign that will tell them that the market is at the bottom and it's time to buy.
And every time, without fail, the story is the same. The bottom comes, and the sellers, who have been suffering trough it all for some time, know
Prices firm up and the sellers become more difficult to deal with. They know that the tide will be turning in their favor.
Last couple of weeks I am getting a lot of calls on my listings and buyers taking advantage of my VIP Buyer services to look for properties.
So, does that mean we are close to the bottom? I wish I knew. But in reviewing some of the realestate news from the US, (we need them to get going), and just some positive knews in all sectors, I am getting that feeling that the bottom of the curve isn't too far away.
All it will take is some good positive news in our papers, like the one following in today's newspaper. You know, there isn't a magic person that turns on the lights to get us out of the dark. It's the perception and a feeling that we all get.
Just look what has happen in theUS with Obama. Did he do anything yet? No. Just promise of change. Are there any measurable results? Not yet.
But is there a good positive feeling that things will get better? Yes. See. It's just a perception.
I was reminded of the above scenario today, because of the article on page 32 of the Vancouver Province, written by Province Staff Reporter, Paul Luke.
Rebound will be like coiled spring
When North America's stock markets rebound, they will snap back with a vengeance, a top investment adviser predicts. "It's going to be like a coiled spring," said Brent Smith, chief investment officer of Franklin Templeton Managed Investment Solutions.
"You're going to see some significant, significant rallies in the equity markets.
"You're going to see some pretty significant rallies in the corporate debt markets."
read on....
