It is with very mixed emotions that I announce that I am departing RE/MAX Affiliates, Inc. I could not have chosen a better or more supportive environment for starting out my Real Estate practice. However, it is time for me to move on to another brokerage, CamTaylor Co., Ltd. Realtors®, to further the development and strategy of my Real Estate career.
I am very excited to join CamTaylorRealtors®. CamTaylorRealtors® are greatly respected within the Columbus Board of Realtors® and are apart of the Leading Real Estate Companies of the World. It will be a great honor to work side by side with this group of Realtors®.
Local really does matter in Real Estate. There are micro climates that determine how Real Estate is conducted throughout the United States. Heavens, there is even a total difference from Columbus to Cleveland to Cincinnati to Toledo to Akron to Dayton to Circleville and we are in the same state of Ohio.
Real Estate is really regional customs driven. It's a dance and the understanding of how the movements are conducted. Even each community in Central Ohio perceives differently how the dance is to be conducted. There is no exact way to conduct the dance. There is no formula you can follow. It is all about interpreting people and their motives.
I love Real Estate because each deal although essentially the same has a totally different set of people that make the transaction completely unique. You learn how to dance in each transaction you do and you never stop learning.
Why should you invest in Real Estate this year? Simple there are changes coming down the road that are going to change the market, again. Last week I wrote about the Falling Dollar and how inflation will creep up on us if we are not careful. This mean we will see pressures on interest rates. According to Economists' Outlook, National Association of Realtors is forecasting that the interest rates by the end of 2011 will be back up to 5.6%.
So what does this mean?
Looking at the Buyer Composition Graph to the right, it is the Real Estate Year of the Investor. With prices being reasonable in the Real Estate market place and financing, those who have the money or can borrow are going to clean up.
Don't get me wrong; since this siutation has happened once, it may happen again. However, I hope it does not for the security of homeownership. Homeownership is an invaluable asset to our economy and national identity. We should learn from this time period. We cannot take for granted that home prices will constantly increase. This is a precious investment. A home is much more than property or a house.