market conditions: It Is Not a Buyer's Market
- 07/13/10 08:45 AM
The current market does not favor buyers. I repeat, the current market does not favor buyers.
Allow me to explain. For months, if not years, you have been told that the glut of housing inventory makes for a buyer’s market of epic proportions. Why, the ancient Greeks themselves would write songs about the opportunities that abound for any would-be hero with a hankering for a house. The only problem with this suggestion? It’s just not true.
What is a buyer’s market? Most would define it as a preponderance of available supply and an accompanying dearth of demand. Let’s take a … (137 comments)
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