Don't Blow Your Own Bubble

October 15, 2005

The hottest topic in real estate these days is about the housing bubble. Seems the Bubble Bloggers and Bubble Commenters found our commentary. How do we know? There was a HUGE spike in unique visitors to this blog yesterday. Tracking it down, I discovered the reason. A free lance writer in Arizona, Ben Jones, found us and published excerpts of our market comments on his popular blog. Thanks Ben for the instant attention! You are now linked in my BlogRoll.

We are one of the few (or only) agents that provide data and commentary on the real estate market in Loudoun County, Virginia via our blog. Our commentary is based on trends in data, anecdotal evidence picked up from talking to other local agents as well as our own real world observations. We don't sugar coat it.

I recently made the statement that September is "historically" a slow month and that the market "usually picks up" again from October through the end of the year. These are not casual, self serving statements. They are based on historical trend data.

I will gather the data I use and graph them within the next few days for all to see. I will provide my own objective opinion and all our readers can come to their own conclusions. The most common question we get from our clients, prospects, friends and neighbors is: "What's going to happen in the next 3 to 6 months?" Our answer: "We don't know. There is immense negative speculation in the market. But, what we do know is there are still buyers willing to buy. Be more realistic in pricing your property and make it show better than your competition. Be patient. Don't panic. It will sell."

Moderation in the market is a good thing. Supply and demand in any market will drive value. Let the investing speculators go somewhere else so we can get back to normal. Whatever normal is.

One last thought. Don't blow your own BUBBLE.

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