I took a little time off work last night and can report that Billy Gibbons hasn’t lost a step. 35 years, same three guys, same three chords. I told someone there I’d seen them twice in the 70s and I don’t think he believed me 🙂
Anyway, short numbers: 255 new listings and 125 sales, for a sell/list of 49.02%. Listings aren’t skyrocketing, but those are low sales numbers.
Inventory hit 11,338, while over 90s hit 2,479, or 21.86%.
What’s the word on the “real estate street” about the credit crunch? Some people don’t know about it. Some aren’t worried. Some people I spoke to who workin on-line brokerage think we’re going to see some big waves in the next 90 days. A banker I know is taking a wait and see attitude before re-investing after selling. Another client is moving ahead with purchasing rental property with acceptable numbers. In other words, it is the topic of the day, but feeling is very mixed.