Last month the HomeGain Advisors met for its quarterly teleconference. We have met with our team of Realtor Advisors for the last two years and it has been valuable listening to how Realtor behavior, trends and perspectives change with the market.
Throughout the majority of 2008 and the first quarter of this year there seemed to be a similar somber tone from our Advisors. In January, our Advisors agreed that home prices and home sales were down, that foreclosures were rampant, and that things were difficult. By the end of April 2009, things seemed to have changed dramatically!
Overall Q2 Market Activity
HomeGain Advisors in the Northeast, West and South have indicated that they have become busier than ever been this second quarter (for the first time since early last year). Mid-West, particularly the Chicago real estate market , is reported to still be slow. It’s reported that the Massachusetts real estate market seems to have stabilized. In Georgia, although one agent’s business is bustling, the MLS itself is not busy.
This does raise some questions in terms of the cause of the increased activity. It is still a strong buyer’s market nationwide and interest rates are low.