Sunday, March 21, 2010

Renewal, Adjustments, and the Equinox

Spring sprung a day early this year. We learned in school the first day of spring to be March 21st. But on occasion the earth needs to correct itself and we have an early equinox. Man has been manipulating the calender with leap years. Our industry has been following this naturally occurring adjustment the past couple of years. Just like the earth gaining time and needing to step back, our market had gotten ahead of itself and needed to be corrected. This is hard to accept sometimes because like being taught Spring starts on March 21st our mind does not want to believe different. In many areas it looks like the adjustment may be coming to an end, yet all Real Estate is local. Unlike the earths equinox adjustment that affects all equally the market correction has not. When talking about the Market Conditions remember All Real Estate is local and the stats and data from national sources considers the country as a whole. There are micro-booms within metropolitan areas, certain neighborhoods or home styles are moving faster then others. It is time to renew our faith that the market has all under control the same as the earth in its adjustments.