I noticed in the last few weeks Internet leads in real estate in several markets has slowed to a crawl. Actually it seems like it has died! I was wondering if the market is spooked, no pun intended for the upcoming Halloween! Each time the government announced a bailout, a bank failure or the "Fannie Mae and Freddie Mac Fix"....buyers became more scarce. I really think Congress has spooked the market along wiht the media in recent months. I know it isn't just me. I am hearing this from full time agents, brokers, inspectors, builders, closing attorneys, and mortgage professionals. The only exception that I am hearing about is that some high end builders are selling some custom homes - all cash. I suppose the rich feel the safest place to have their money is in real estate as opposed to the banks where no one knows what tomorrow will bring!
Since the mantra in real estate these days is "Real Estate is Local" what's happening in your markets? Are you getting real buyers? Tire kickers? Investors? Bottom Feeders? More listing calls? Foreclosure inquiries? Is anything productive occurring? Is your market improving or still declining?
Sales in Atlanta have slowed to pre - 2000 levels, inventory is still very high especially for this time of year, condos, and town home sales have fallen off the charts.
Atlanta is breathing a sigh of relief as our gas crisis seems to be ending. Over the last few days in Atlanta gasoline seems readily available almost anywhere. Yes some gas stations are still closed, but those that are opened they have no lines, and it is EZ to find gas. I have heard there are still some shortages in the Canton / Woodstock area from past clients. Gas prices have also dropped from an average of $4.09 last week for regular gas to under $4.00 a gallon. Today I filled up my vehicle and it was $3.89 a gallon. I might add, no waiting! There were several things that I personally attribute to the crisis ending. The first is that people came to their senses and stopped hoarding. It is not smart to keep topping off the tank. The second was the specially formulated gas for air pollution standards was temporarily waived. Gas stations also did an excellent job at directing traffic so that tempers did not flare. Kroger Supermarkets did an exceptional job in the John's Creek area at directing traffic, and keeping the lines moving!
You thought they wre really fixing the country? LOL! The policitinas were just having some fun with us! Ge, they acted so sincere! Well they did it again!
There was an awful lot of pork in this government bailout bill, and if you check who sponsored most of it was Democrats. No this in not a political rant, this is a fact. Do your own research. It isn't a political rant. I guess they had to pay back all the political gifts and favors they have received. You thought they were doing the right thing, the fact is it is business as usual in DC. So we have been screwed, and get ready for more. Here are just some of the pork barrel items inserted into the bill. Go ahead, do your own reserach. Some of these programs go into the billions! Yes, BILLIONS!
It is amazing that it only took 140 more billion dollars in pork to keep the party going on the hill until after the elections. These beggers have no shame at all to come to us after they have squandered our hard earned tax dollars, gambled our future and all with out any oversight and wanted more. They got it. Details of the deal will follow in the coming weeks!
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