I don’t know about you, but I love to watch the Rose Parade. Here are some interesting facts about the parade… the number of flowers used for the floats.. 18 Million… how much glue – 5,000 gallons!, and last none.. how many tons of steel are used to build the floats … 600 tons! WOW. Happy Parade Watching!
Well, we made it! 2013 arrived right on time.. But some of us weren’t so sure, because the Mayans had predicted the end of the world would take place on December 21. Fortunately, that didn’t happen. And for years, I wondered what the year 2000 would bring. What would our world look like then?
Since the new millennium officially began on January 1, 2001, we’ve been marching through the calendar, ripping off the months and years almost effortlessly. Along the way, we have witnessed 9/11, the dot-bomb, the recession, Facebook and Twitter, and now, we are anticipating our economy going upward and onward after years of struggle and some pain along the way. I’m encouraged about the year ahead.
Unemployment is slowly coming down….home prices are firming, interests rates are as low as they have ever been in three decades, and the real estate market is seeing more activity on all fronts. Still, challenges persist. The Fed is pumping $$ into the economy at a ‘can’t-fail-speed’, and the election is finally over (at least until April)! All good news!
On the personal front, I have been able to take advantage of the soft real estate market and had a good year! I have seen increased attendance in open houses, and we are seeing more multiple offers on properties — sometimes over asking — and competition for quality properties remains intense. We are seeing a good amount of cash offers. The trick there is to placate that buyer who wants a huge discount for that “assuredness that the loan contingency issues don’t exist” (which is true), and the seller who says at the end of the day, “it is the same money to me”, which is also true. In sum, the real estate market is humming.