The Club Mastermind Blog

Aug
10
2009
Are We At The Bottom???

I don't know if you have read this article yet... but if the local media is to be believed, one could ask... Are we at the bottom?

I don't know... and I will explain later. But here is the article...

http://www.baltimoresun.com/business/real-estate/bal-homesales0810,0,227924.story

Now for the rest of the story...

While I want to climb up onto the highest rooftop and yell for joy... I know better. My concern, and it should be your concern as well, is that the when the $8K Government "grant" expires in December the activity in the market will drop off substantially.

In addition, if the unemployment rate doesn't move downward then overall confidence is not going to sustain our market.

One last point... there has been a lot of talk about a possible expansion of the $8K grant... extending it beyond December 1st and even increasing the amount to $15K... I would not count on it!

So... what is an investor to do... if you have a property in any stage from purchase, to renovation, to on the market... get it done and get it listed at a price that it will sell... NOW!

One other item... In addition to my weekly podcasts, you can now listen in and participate in my nationally broadcast Real Estate Investors Mastermind Radio Show. This show is broadcast live every Thursday night at 11PM EST. For show details you can go to www.blogtalkradio.com/peter-giardini

To Your Success...

Pete


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