Real Talk!

It’s official, the real estate market in this area is emerging from its hibernation. We Realtors® are all extremely busy showing property and answering emails while the phones ring, off the hook.

Why, you might ask? I’ve heard the activity attributed to everything from Obama to sunshine… and that it is a great time to buy- especially you “First Time Buyers” who have been sitting in the weeds, waiting.

Certainly, there are a number of factors that are working in the Buyers’ interest right now…. There are some government incentives, homes are lower-priced, mortgage interest rates are at a historic low and Sellers are willing to look at conditional offers again.

According to Gregory Klump, chief economist for the Canadian Real Estate Association, “Increasingly cautious homebuyers and mortgage lenders mean that active listings will take longer to sell in 2009 compared to previous years.” Calvin Lindberg, president of the Canadian Real Estate Association, forecasts a national rebound by 2010.

It’s a Buyer driven market. It is the prudent Buyer who is stepping up to the plate, now… before prices begin to rise, again.

There’s no doubt that we’ve seen these dips in the market before... and with the dip, we've seen many a Buyer kick themselves for not taking the plunge sooner.