There's a great article that just came out in the Feb. 25th edition of Time in conjunction with CNN. It's something to send to your buyer clients who may have been or continue to be on the sidelines interms of moving forward with purchasing a home. Essentially it outlines that any price reduction = equity, that one might gain by waiting might be offset by rising financing costs and they give a nice example to illustrate this.
It's up to us to get this market moving! We only have the market we're in at any given time and I would encourage you to think of today's market as being a "mindset." You are your stiffest competition.
If anyone would like a copy of the article, please don't hesitate to ask and I'll gladly email it to you for use with your clients.
Happy House Sales!
Frank
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