Another year has come and gone and to be brutally honest with you I am so glad to have 2008 behind us. The real estate market in Gwinnett County has been hit with a number of foreclsoures and with this has come a pretty large reduction in home values throughout the County.
However, looking towards the remaining balance of 2009 I personally am pretty optimistic. For the past week or two I am beginning to get more phone calls from other agents as well as new clients who are interested in a majority of homes we currently have on the market. We closed two sales last week and are expecting a few offers on other listings by the end of this week.
Am I being overly optimistic? I don’t think so. There are a number of factors working in our favor currently.
Low interest rates, a new President coming on board in a few weeks, stilulus packages, and most importantly low pricing on homes. Just think, if you were to buy a home in the next few months, the amount of equity you will have in five to seven years when you go to sell.
Goodbye 2008, hello 2009. Let’s get moving.
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