News
From the Desk of Marvin Heyd, President...
Who Moved My Market?
Although everyone is talking about a down
market, I think we need to step back and look at things from a
realistic point of view.
The market explosion in 2005 and 2006 were
phenomenal to say the least. Sales hit all-time highs, listings were
often sold within hours of getting them into the system, and prices
were going up faster than anyone could imagine. Then all of the press
told us that the bubble had burst, but did it? I don’t think so! I say
that the market is just getting back to normal.
Let’s think back to 2004 and what the market was like then. 2004 was an exceptional market, it was the second best year in history, yes 2004 was better than 2006. For 2006, we ended up with $3,537,528,308 total MLS volume and 17,884 units---this is down from $3,897, 915,554 and 18,059 units for 2005. So as you can see, 2006 was not that far off from 2005. Analyst say that 2007 will be at least as good as 2004, the second best season in history.
This is great news, lets not look at the market as being
down, lets look at is as starting over in 2004 and looking forward to
another 2005 and 2006. We need to continue to be positive and keep our
discussions and outlooks positive to the customers. Remember that our
market runs in trends and we are now coming out of the downturn and
looking forward to the next boom. With the spring come the next tourist
season and a new wave of potential customers.
Now let’s take a look
at where our Association is going in 2007, we have many great events
planned for the year and even more coming. In January we will have
Beverly Faulls, Vice President and General Manager of Fidelity MLS here
to speak at our monthly luncheon on the 17th. We will have Dianna
Brouthers here to give a class on trust accounts on the 29th.
We
have a well established Leadership Class that started in 1999 and will
begin its ninth class in February and run through November. This
leadership class has graduated 88 students since its inception. Most of
these graduates have gone on to become the leaders of CCAR. We
encourage anyone who is interested in becoming a future leader of this
great Association to strongly consider this class in the near future.
The 2007 class is now full; however we will be taking application for
2008.
Already scheduled for the near future is the Technology fair
for April 27th, the RPAC extravaganza for June 7th, and the legislative
pig pickin for October 11th. Please mark these dates on your calendar
and plan to attend.
In closing I would like to thank everyone for allowing me to serve as your President for 2007. I look forward to working with everyone from REALTORS to Appraisers, and associate members. Let’s all work together to make 2007 another year to remember.
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