WHERE HAVE ALL THE BUYERS GONE....?

A 60's ballad comes to mind..."Where have all the flowers gone..." But we're all wondering about the Buyers. They surely are out there somewhere. Why aren't they calling on our signs or ads? Why aren't they visiting our open homes? Why aren't they walking through our office doors with a Good Faith Deposit check in one hand and a loan approval letter in the other? The California Association of Realtors recently had an article available on their website that talked about our history making market. For the first time in California history, the economy is still going strong, but real estate sales are sputtering. Their economists could only come up with one conclusion.....FEAR. Buyers are afraid. Thank our friends in the media for their role in spooking our Buyers. And while you're at it, ask yourself if you might also be responsible in contributing to those fears. Do you believe this is a great time to buy property? If you do, then are you trumpeting that to everyone in your sphere of influence? If you don't, then I suggest you do some market research. Inventories have never been this high, and many Sellers are highly motivated right now. The conditions for Buyers are ideal, and even interest rates are still very reasonable. Since the media seems bent on spewing gloom and doom, we have to shout all the louder so that would be buyers hear the truth about the market. Let me know what you think!