The Power Of Positive Thinking!As the year winds down so does the market. Thank goodness for that. Well...What I mean is it's nice to get the year 2007 behind us so we can start a-new. Although sale prices are on a slow upward climb, Fact of the matter is the overall sales volumes for 2007 were grim.
With the new year comes a new advertising campaign from the National Association of Realtors and Pierce County's local association...The Tacoma Pierce County Association of Realtors. Their efforts throughout this ad campaign will be to draw attention to the Pierce County market which is doing much better than the national market.
A noble effort indeed and somewhat accurate but having said that the numbers are not up to par. It is better to focus on the positive aspects of the current market but I would be remiss if I didn't provide the statistical data. Below is the Pierce County numbers for the year to date totals. Judge for yourself... Pierce County Year to Date Stats 2007
The New Year has an element of hope which invokes a revived sense of enthusiasm for buyers and sellers alike. Recently the Federal Reserve chose to lower short term interest rates twenty five basis points which should help home buyers feel better about the new 2008 market. See ya in the new year and have a Merry Christmas!
posted by Gene Quinney Owner/Broker at 12:05 PM
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What's your prediction for 2008?
Providing the media can refrain from viewing the industry from it's typical "gloom and doom" eyeglasses, the year 2008 should prove quite uplifting. The Federal Reserve has lowered short term interest rates to help boost consumer confidence and the Legslature is providing new programs to assist borrowers currently caught with rising costs due to adjustable rate mortgages. Inventory is saturated and prices are coming down to a more affordable level for most home shoppers. When you combine low rates with affordable prices you typically create an atmoshere that should prmote a more positive market in the new year. The Pacific Northwest has been historically more fortunate in avoiding the wide swings due to it's diverse employment base and geographical location, so when we predict a positive 2008 for the Country's housing market we also have to predict a very, very good year for the Puget Sound Region..
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