Numbers just in for February show a gain of 65% over last month. Whew. Still off from February 2008 but going in Right direction.

A couple of things I think that have helped are:

1. more inventory. There is an 11 month supply of homes out there so clearly a buyers market

2. Mortgages. My gosh the government is giving money away at .5% and its still not enough. I believe this is due to the fact that Banks are trying to bolster their balance sheets at the expense of taxpayer. It is soooo hard to find any commercial money out there for loans. I was working on one with a 50% loan to value and the terms and high high interest rate made it unaffordable.

3. Pent up  demand. We had a great month in February. We got real with clients, showed them the numbers and then homes sold in a week or 2. Many clients happy.

4. People fed up with stock market. It keeps dropping. More and more scams, schemes and out and out theft are causing people to realize they don't have any control or chance against the insiders. In real estate you control it.

Its a great time to move up. its a great time to move.