What Direction Do You Think The Real Estate Market Will Go Now That America Has Been Downgraded By S&P?
This may be a little bit of a stretch but in many ways the current state of the RE market is somewhat reminiscent of the stock market in that the stock market factors in anticipated chaos and adjusts accordingly.
That in part is why the big boys stay and play and the more unsophisticated investor tends to divest and run as was evidenced in the recent S&P credit downgrade that triggered the sell off we've been seeing for the last several sessions.
What is happening in the RE market is similar. The more sophisticated and cash laden investor seems to have adjusted in anticipated loss or gain in value and is buying to hold and rent/lease while the average Johnny Six Packer and Linda Lunch bucket continue to straddle the fence.