North Shore Real Estate Trends

by Richard Sterman (R)(PB)(e-PRO) of Sterman Realty

CNBC is predicting that "The worst of the Financial Crisis is behind us" and "Mad Money with Jim Cramer" came out with a prediction that the real estate "turn-around" will be June 15^th! There are many signs of a recovery and being the eternal optimist – I’ll give you my own outlook:

I think statistics will show that the "turn-around" will, indeed, be next month (June 15^th, as Jim Cramer said, and my favorite day of the year for "turn-arounds"). Here’s my reasoning:

1. Coincidentally, I was calling for a "turn-around" last June 15^th – which was taking place until the "Financial Crisis" put a quick end to it.

2. With prices taking additional double digit drops since that time (now 30% to 40% off their peaks) there is a clear buying opportunity… and those that have the courage to jump in will find bargains.

3. There is already a clear trend toward a pick-up in "activity" which always precedes "higher prices".

4. Buyers that have stayed away from our real estate market are now coming back and looking for bargains… and they’re finding them!

5. There’s a lot of money on the sidelines because many have pulled out of the risky stock market and are looking, once again, at the safer and more predictable real estate market.

I could get into the Baby Boomers flying over looking to retire to their favorite recreational areas, however, the larger trend right now is an imminent "turn" in the overall real estate market and once this perception becomes common knowledge there will be another up leg in our real estate market.

: FIRST TIME HOMEBUYERS - FREE SEMINAR: "GETTING STARTED IN REAL ESTATE", THURSDAY, MAY 28^TH, 6 P.M., STERMAN REALTY OFFICE. Open to First 20 callers… No Obligation… Totally Free… Just call 637-8600 or email info@sterman.com, leave your name, phone number and say "Yes, I want to attend your Seminar"… and we’ll call you or email you back to confirm your seat. Seminar includes "How to get your First Time Homebuyer $8,000 free money from Uncle Sam!"

(R) is the owner and Principle Broker of Sterman Realty, a full service Real Estate office on the North Shore. Richard has been helping clients buy, sell and rent fine North Shore properties since 1978 and oversees more than 25 professional agents that work out of the Haleiwa office in the North Shore Marketplace. Feel free to contact Richard: tel. 808.637.8600 or eMail Richard@Sterman.com