Oh man!  I can't believe you would say that out loud!?! 

(where are my amulets to ward off the evil RE spirits??)

Nope!  Artificially low rates, swinging pendulum of risk VS demand for volume creating a market based on supply & demand VS common sense & risk management........too many bad agents, too many bad LOs, it's been too easy for too long and we're about to deal w/the fallout.

Things are never as bad as we think they are, and never as good as we think they are.

   Times are good and getting better!

Are you being sarcastic?

Tony, In some ways yes but I have some reservations because the market went from one extreme to an entirely different extreme where most markets have experienced a shortage of available housing inventory which puts massive pressure on pricing.  

Most economist said 2020 before we recovered.

I have always said, "These are the Good Old Days".

Well... it took alot for us to get here. The banks have been extra hard on those getting a loan. The lack of homes for sale has kept prices up. I am keeping a balance of resales, REO and referrals to ward off evil spirits

It's funny you say that, because I'm seeing another crash coming really soon.  I think we have all the same problems we had before with lending and being over leveraged.  There is a global economic paradigm shift coming by 2020 (according to the economist I follow).  This shift will last for the better part of a decade at least and I don't see real estate being unaffected.  The shift is already starting, thanks to California's "Fight for $15", more and more companies are automating their workforce.  Hardy's (Carl Jr.'s parent company) already has automated burger making machines and McDonalds has already rolled out ordering kiosks, that by all accounts will have lines behind them when the cashier is empty!  Add to that the agricultural industry developing machines to pick berries due to the natural progression of immigrants getting educated and getting better, skilled, jobs.

Depends on the market. Where is that statement from?

too bad there are very few listings to sell!!!!!!!!!!

What I'm not liking is the lack of inventory... I am pleased to see things turning around...

Not all markets are the same.  Recovery is good yet I cannot say I love or even like what's happening in my market ... no inventory.

I had to read this question a few times ... Not sure how to respond.  Pleading the 5th!

Not sure the process of stabilization is complete!

Depends on your definition of stabilized... prices keep going up due to lack of inventory; first time buyers increasingly priced out of buying and paying a fortune in rent.

We are doing great, what not to love?

That's what is great about life---we hear/read/see so many statistics/reports...interpretation is only one factor that is/can be used.

Roller coasters stabilize at the peak right before they plunge 800 feet at an 80 degree angle.

Fred Griffin nailed this one!

 It was refreshing to see something go right for a change....

well yes and kind of.  I'm certainly having very long days and finding myself tired.

I need more info on what you call stablize

When did the Recession end?

In my thoughts, the Recession hasn't ended...

We still have low interest rates and inflation is still low. I believe Recession will end, when we start seeing our Interest Rates rise on our Saving / CD accounts and as well in loan products!

My Two Cents...

Thanks for sharing your perspective.

the fence-sitters are in torment

Yes I'm glad.

The rising interest rates, though still historically low are making it hard for some first time home buyers especially in our market.

It is a very strong market and the easing of lending criteria has helped.

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Not sure about your statement which way to take it.

It is a crazy market around here.

I would not say the market has stabilized.

shifted, yes.

Inventory is low, prices continue to rise, interest rates going up, not enough labor force to build the new homes needed, rents going up.

That does not look too stable to me.

It really hasn't affected my business that much.  I was just as busy then as I am now.

Yes.

Tony Lewis - it is still seller's market in our area.

95% in agreement.

And the cycle repeats...

We're still not 'stable' in our market. I think we are headed for a correction though - not a crash.

I'm afraid I have to agree with Richard Weeks  and John Meussner , not that there hasn't been good news along the way.