The Obama Bounce?!

By
Real Estate Agent with Coldwell Banker Schmidt Realtors

Hello...

We have made it past the Inauguration Day of the newest edition to the long list of citizens who have been elected to the position of President of the USA. No matter who you voted for in this election, most folks in our industry are carefully watching what we as a country are going to do differently to jumpstart our sluggish economy. On Inauguration Day, we saw the market dip about 300 points... not the effect anyone wanted to see. On Day 1 we saw the market gain what it lost and then some. Day 2, as I am writing, the market seems to be pretty steady. So, is there an Obama Bounce happening? Not sure...

One thing I know is that our local Northern Michigan market is doing quite well. I have continued to have buyers contacting me, looking at homes, and most importantly... writing offers! So, is this the Obama Bounce? I think its just the combination of several factors playing themselves out and Americans putting one foot in front of the other and getting back to basics to keep America strong. Whatever it is, whoever you voted for, keep the optimism up and make sure to share your successes, rather than your failures, with your clients and coworkers in your local market. Call it what you want, but I think really its the American Bounce!

Steven Terry- Mark Hagan & Associates

Homes in Northern Michigan

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Topic:
Real Estate Market Trends
Location:
Michigan
Groups:
Lakeshores of Michigan
Michigan Real Estate
Michigan Realtors
REO
REO Brokers Network
Tags:
michigan real estate
market update
obama
inauguration

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Rainmaker
480,171
Steve Glose
Keller Williams Classic Group - Orlando, FL
TRC, CIPS, 407-616-7286, Orlando Real Estate, Orlando Medical City

Lets hope that there is an Obama 4 year bounce.

Jan 22, 2009 02:44 PM #1
Rainer
73,288
Bruce & Mary Smith
Savannah Lakes Homes - McCormick, SC
REALTORS, Savannah Lakes Village McCormick SC

Glad things are going well for you in northern Michigan.  Whatever the reason for a bounce, let's hope it keeps going!

Jan 22, 2009 02:52 PM #2
Rainer
7,538
Joseph Harrison
Avalon Properties Group - Brunswick, GA

Well stated Mark,

I like the phrase "American Bounce".  I can't say I personally favored Obama, but he's now my President and I'll stand behind him so long as the decisions he makes are beneficial to this country.  Hopefully we'll all rally around our new commander in chief and help make the year of 2009 the "come-back" year!

Jan 22, 2009 02:59 PM #3
Rainmaker
688,499
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

I'd like to believe it is a bounce.  The stock market has tanked quite a bit since he got elected though.  Time will tell. Spring is coming.

Feb 23, 2009 11:01 AM #4
Anonymous
Anonymous
Anonymous

Wow steve you are quite the visionary, your american bounce has an all time high forclosure rate...I guess something is on the rise!

Mar 18, 2009 03:29 PM #5
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Rainer
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MARK HAGAN

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