As you have noticed, I haven’t posted in a bit, because it went from dead calm to a squall in my world of Salem Oregon real estate. It isn’t a big secret that April was really busy in the world of real estate as those buyers that valued the tax credit played a mean game of tug-of-war with sellers as they tried to get an accepted low offer before closing.
Then calm, dead calm. Showings dropped like a rock the first couple of weeks in May as buyers seemed to disappear from the face of the earth. Time to panic? It sure felt like it as an agent. A week ago…a slight gale started…and I was reminded of something from what felt like eons ago…what was that? Oh, yeah, the normal real estate cycle. I’d almost forgotten what that was supposed to be like.
See in the normal, not tax credit influenced world of real estate, showings normally start to pick up around Memorial Day in Salem and buyers start to look. True to the normal cycle of real estate this same pattern started as usual. With the plunge of the Euro and low interest rates, it seems to have started faster than normal as buyers hoped to more than make up that $8,000 tax credit with the exceptionally low interest rates hovering for buyers these days.
As such…I’ve been seriously busy. I haven’t forgotten about posting here. I just need to batten down the hatches, and get ready for real estate season.