For the last two years, all we have heard was how bad things are! Obviously, if buyers hear that all the time, they will react accordingly. So if we now believe what we are hearing, that the economy is improving, and that recession should soon be over, then how will that be communicated to buyers, to create that buying urge once again?
When will fear be over, and a balanced market once again be restored? I have NEVER seen anyone that can absolutely"time" the bottom of a market, but all indications is that we are certainly getting close to that point. Since the first time buyers credit is set to retire at the end of November, and mortgage interest rates are still very low, we may be at a historic buying opportunity.