I just got a message from someone in the real estate field who was concerned that the real estate market may fall apart.
He expressed his concern specifically about homes starting at.$ 500,000 and the difficulty of selling them.
I told him, at that price range, it is not just an impulse buy for most and thus to give them some more time. This will pass too and we will cater to their needs later.
With headlines on TV and other media about the financial world falling apart, customers of mine, who all are in the stockmarket and have their money in a financial institution are wondering what to buy next. They just want to keep their money as safe as possible.
The dreams have not gone. Most people even the ones that lost a lot money will recover and just buy a few years later.
We need patience!
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