The rollercoaster rides of the world have had everyone’s head swaying in recent times. No matter who you are, your world has probably come into question at some point or another in recent weeks. The debt ceiling crisis pressed a panic button, the riots in Europe have pressed a panic button, and no doubt about it the stocks markets of the world, have spread unimaginable fears far and wide. Prior to that, markets of all sorts were pressed by the natural disaster in Japan. Wow! This is a lot for any one person to think about, let alone all nations.
And so I pose the question, with so much going on in the world, who is thinking about real estate? As a non-biased real estate practitioner I would argue, that the number may be staggering of the folks that are indeed, “thinking about real estate.” The Federal Reserve announced its plans regarding interest rates closer to zero this week until 2013, which in my mind may point towards a trigger for even more buyers in the real estate market place. I would say that jobs will play a key role in this, as well the consumer’s attitude. The consumer’s attitude combined with jobs may create stability, and more than just a thought about real estate, but an action!
I don’t think we’ll ever be able to change the fact that people will act in a certain way. We cannot change the inevitable. The only thing we can do is play on the one string we have, and that is our attitudes. I am convinced that life is 10 percent what happens to us (the consumer) and 90 percent of how we react to it. And so it is with us—we are in charge of our attitudes. Sellers and buyers will need to come together at all points in the near future, in all places of the market, and real estate, will definitely be more than just a thought!
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