My real estate career got busy again. Go figure. It turns out that it's next to impossible to get a film financed right now. The banks have stopped lending, just like they've stopped everywhere else. Meanwhile the first time home buyer tax credit has been doing wonders for the real estate industry. It's not exactly gang buster business, but it's a good start.
Last weekend the National Association of Realtors held their annual convention and Lawrence Yun, the NAR economist (and one of the most respected economists in the country), gave a talk on the state of the real estate market. He feels that the pendulum has swung too far and that many homes are selling greatly under value. I love this news simply because it means we have nowhere to go but up. Not that I don't expect plenty of hiccups along the way, but I think we may have made the turn. I'll crunch some numbers for Pierce County and post them tomorrow. Expect to see good news for the under $300,000 range.
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