Cautiously Optimistic: Yep, That’s It!

People ask me all the time: Home owners, Realtors, Title professionals, etc…”so, are we thru the worst of it?” Of course, they are referring to the downturn in real estate values and low demand for existing home purchases…and the economic implications of our real estate recession on those areas. And as of late, I say “Yes”. I do think we are through the worst of it. Seems like almost everyone I talk to lately, is generally more optimistic regarding MI real estate.

Sure, we all are wondering how pent up buyer demand, foreclosure “shadow inventory”, new home pricing, baby-boomer housing demands and lending rules will impact our markets…but nevertheless, the tone and feel is certainly more positive than it was a few months ago; and even more positive than a few months before then too! So cautiously optimistic is how I feel. I’m looking forward to real estate in MI in 2012…how about you?