From David Slye
Executive Managing Director
As I look around the room at our reception this evening, the mood among our clients and friends is one of excitement mixed with anticipation. They are happy to be together celebrating spring, and to know that the worst of the economy is behind us.
I’ve taken an informal survey of our guests based on the mood bracelets we handed out. A majority chose the “Optimistic” band signaling that they are looking to create opportunities. The “Mediocre” folks are taking a more realistic perspective. The few “Euphoric” people I saw might have more to do with their position at the bar than their outlook on real estate.
Overall there’s a positive attitude among sellers. Most of the buyers are decidedly less confident. What that tells me is that there’s an optimistic view about opportunity but market fundamentals aren’t there yet.
The pervasive feeling here tonight is that we’re not out of the woods yet. In the last 30-60 days there’s the sense that the market is recovering. The brokers I’ve spoken to are pleasantly surprised by a recent uptick in tours, bids, and values. An increase in transaction volume will soon follow.
The directors of real estate organizations agree that they now have the best and brightest talent and are well positioned for the future.
What bracelet am I wearing? I’ve got a golf bracelet. I’m ready for spring and to play in more ways than one.
-Dave
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This entry was posted on April 15, 2010 at 10:52 pm and is filed under General comments. You can follow any responses to this entry through the RSS 2.0 feed.
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Ready to Play
Executive Managing Director
As I look around the room at our reception this evening, the mood among our clients and friends is one of excitement mixed with anticipation. They are happy to be together celebrating spring, and to know that the worst of the economy is behind us.
I’ve taken an informal survey of our guests based on the mood bracelets we handed out. A majority chose the “Optimistic” band signaling that they are looking to create opportunities. The “Mediocre” folks are taking a more realistic perspective. The few “Euphoric” people I saw might have more to do with their position at the bar than their outlook on real estate.
Overall there’s a positive attitude among sellers. Most of the buyers are decidedly less confident. What that tells me is that there’s an optimistic view about opportunity but market fundamentals aren’t there yet.
The pervasive feeling here tonight is that we’re not out of the woods yet. In the last 30-60 days there’s the sense that the market is recovering. The brokers I’ve spoken to are pleasantly surprised by a recent uptick in tours, bids, and values. An increase in transaction volume will soon follow.
The directors of real estate organizations agree that they now have the best and brightest talent and are well positioned for the future.
What bracelet am I wearing? I’ve got a golf bracelet. I’m ready for spring and to play in more ways than one.
-Dave
Like this:
This entry was posted on April 15, 2010 at 10:52 pm and is filed under General comments. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.