Yesterday on NPR Diane Rehm had a bunch of different economic experts (including Phillip Swagel of the USDOT) to debate the question: Is the worst of our economic suffering over?
Well, I have most definitely been accused of seeing all my glasses as half full, but come on! This is great news! Job data still stinks, but that's a lagging stat anyway. The media, the ever-powerful media, has been real estate's worst enemy in the past 18 months. But not yesterday.
Mark my words, this is the beginning of our recovery. I predicted six months ago that our Cape Cod market would start its rebound in June/July of this year, and it looks like I'm right on target. What does this mean for buyers and sellers? It means buyers better savor their remaining days high on that hog, and sellers--it's time to start sprucing up the joint. Listing season is about to start. I don't think we'll see the la-la land appreciation of a few years ago, thank god. What comes up must always come down. I'd much rather ride a rolling sea than a tsunami. You?