Just yesterday I touched on this possibility in my stats post for the month. This morning an article in the Tri-City Herald confirmed my suspicions.
The headline reads like the story is about lending only, but a couple of real estate brokers are interviewed, as well as Jeff Losey, the head of our local Home Builder’s Association.
My favorite quote come from my broker, Dave Retter –
“The problem is everybody wants to wait until the bottom hits. When do we know the bottom’s hit? On the way up,” he said.
EXACTLY. I know some buyers waiting until the precise right moment. However, they won’t know when it’s been the right moment until after the moment is gone.
This isn’t a “Ra-Ra, buy today!” message. This is simply a snapshot of our market at this point in time, and theories about where it’s going. Enjoy the article.