The HomeGain Advisors Group met last Thursday for its 4th quarter Web conference. The Advisors Group is comprised of real estate agents and brokers from across the country, many of whom have partnered with HomeGain since 1999.
The overall consensus of the Advisors during the discussion is that these are undoubtedly very uncertain times, and the majority of them don’t expect any change in the pace of real estate sales until the 2008 presidential election is over.
In fact, the current thinking is it doesn’t seem to matter which way the election will go. What matters is that it just needs to happen and we need to get it behind us and move on.
When asked by HomeGain General Manager Louis Cammarosano what effect the election is having on the real estate market, Mike Kollar, who works in the Seattle, WA, area, said, “my mantra is we need this election to be over”. In his opinion, it’s not unusual for an election to cause such uncertainty in a market.
Bill Eiseman in Virginia Beach, VA, chimed in, saying, “I see a lot of people just waiting it out. I prospect on the phone and people are waiting to see what will happen after the election and the 1st of the year. The mindset is 2009 is going to be better!”
The sense of most of the Advisors is that both home buyers and sellers are sitting on the sidelines, even more now so since the stock market mess became the big story three to four weeks ago.
The Advisors continue to be optimistic despite the turbulent economic times. Continue reading this post