If you are representing buyers remember to be stingy in your offers. The market is still dropping and will bottom out next year. The old adage of "it is easier to to buy than sell" is true today. Media reports to the health and vitatlity of our business are exagerated at both ends. There are tons of properties in "REO orbit" causing an artificial "shortage of inventory" which will drastically depress prices for the next 9 months. Banks must sell the properties eventually
If you are a seller get out now and park you money in tax deffered annuities, The stock market will dive too.

Comments(3)