Brian Summerfield, Online Editor, REALTOR® Magazine writes that there are some that say the recession is over or in his words ovuh. In his latest article(see link) he notes this is not a new trend but quotes one of most bearish commentators and coins a new(to me) term - zombie bears - who stake their reputation on the continuing downturn. Ah, yes, good news doesn't sell newspapers or get televison ratings.
So what does this mean to us? How often do we hear this question or related queries by sellers and buyers alike? When will the housing market hit bottom? If I buy today, am I buying at the bottom? If I sell, am I leaving money on the table? Sure we have data to share but the point I try to make with clients is that there is no crystal ball(well, I have one but it's currently on a recall list so I prefer not to use it). Let's look at situation that's closest to you - how long do you plan to stay in your new home? If you don't sell now - what will you do? By asking questions - you learn more about your client and their needs. Maybe just maybe, they can come to a conclusion themselves with some careful questions by you. More on this later . . . What do you think?
Here's the link to the article