tag:blogger.com,1999:blog-5181366.post8967069903043664208..comments2024-03-08T13:49:02.231-08:00Comments on Menifee 24/7: Is the Real Estate Market on the Rebound?Anonymoushttp://www.blogger.com/profile/04404091189792961642noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5181366.post-75394760832960153122007-07-19T10:04:00.000-07:002007-07-19T10:04:00.000-07:00Thanks Jamie, great comments!Thanks Jamie, great comments!Steve Johnsonhttps://www.blogger.com/profile/07254867681706917705noreply@blogger.comtag:blogger.com,1999:blog-5181366.post-32972924483961239572007-07-19T01:21:00.000-07:002007-07-19T01:21:00.000-07:00Hi Steve,My name is Jamie Curtis. I've been a loca...Hi Steve,<BR/>My name is Jamie Curtis. I've been a local Menifee resident about 18 years and I've been a Realtor here in town about 13 years and I've seen all the ups and downs in this area. <BR/><BR/>I disagree on one point, at least with most agents I know. I don't think most are simply stating things are getting better "just" to get more business. Simply "saying" so doesn't sell houses.... <BR/><BR/>I have to say that you are absolutely right...unfortunately (for sellers right now) about sellers reducing prices. <BR/><BR/>Things have certainly picked up this month, as I've been very busy but yes, it's largely due to sellers drastically reducing their prices, agreeing to pay buyer's costs, etc. "but" it's making things move again.<BR/><BR/>One good point to make though is that I saw this happen here back in the early 90's when seller's were reducing prices so drastically it actually set off an opposite affect and sellers would start getting multiple (higher) offers on properties because buyer's thought <BR/>they were such a good deal....<BR/><BR/>Once you start getting a few homes that have squeaked through an appraisal, this then seems to start the beginning of prices inching back up. <BR/><BR/>It may be a slow process and very unfortunate to many sellers right now, but the market is moving.<BR/><BR/>The other thing is that we really do live in an awesome community. I have several clients that are relocating here because of the prices and because we have so many affordable communities surrounding us with lakes and a lot of amenities. I think this community <BR/>really has a lot to offer.<BR/><BR/>I do have to agree though that not "many" sellers have smiles on their faces right now....<BR/><BR/>What goes up must come down...(in an attempt to stabilize the market). Then we go and start all over again. It's a viscous cycle but that's real estate....<BR/><BR/>Just my thoughts :-)Unknownhttps://www.blogger.com/profile/06617531227092348679noreply@blogger.com