It surely seems as though this is where we are heading with the real estate market:
Here’s the brief version:
Home prices in major metropolitan areas fell 1.3% from September to October
Many economists believe that the gains from Spring 2009 will be wiped out by declines in 2010
Unemployment rose to 9.8% last month
Demand is non-existent
Supply is still growing
Mortgage rates are increasing slightly
NAR claims that 30% of sales have come from distressed situations
Given the supply, Wells Fargo projects that prices will drop by 8% in 2011
The simple truth is that people feel poorer when their home value declines
“The Conference Board, a business research group, said Tuesday that its confidence index fell to 52.5 from 54.3 in November, as consumers’ views about job availability worsened” – reported the WSJ
The art of the deal transcends all businesses, and more so in real estate than in many other professions. For the client, it's often an emotional purchase or sale, rather than a simple commodity or luxury item. I make it my mission to have each side come to terms with a transaction that works for everyone. It's not always easy, but good things in life usually take effort - something from which I've never shied.
Licensed since 2009 as a real estate sales agent in CT & NY, I often work with clients on the border of both areas.
With sales and distribution experience for luxury designer products, and watching/reacting to the markets, my acumen for sales was established. Achieving success and contributing to the growth of many global apparel designer brands, such as Giorgio Armani and Paul Smith for over 20 years, it was time for a change. I wanted to explore another passion that would keep me in one location rather than traveling the globe.
Now I have the best of both worlds, a successful business as a fulfilling personal life. My husband and I have lived in back country Greenwich since 2003, where we enjoy easy access to great biking, hiking and golf. We love to ski and that's usually where our travel takes us.
Life is good in Greenwich!
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