A Welcomed Correction
As quoted by Lereah, senior vice president and chief ecomonist for the National Association of Realtors: The explanation for this correction lies as much in the psychology of buyers as in their pocketbooks. This is a slowdown caused by high home prices and wavering confidence. Sales aren't cooling because there are no buyers in the market; they're cooling because buyers are waiting for prices to ease. I'm confident that once prices ease, investors and housholds will be back.
Over the last two months sales have actually increased and days on market have actually decreased. Those that say we have a doom and gloom market are not in it.
Over the last two months sales have actually increased and days on market have actually decreased. Those that say we have a doom and gloom market are not in it.
posted by Raina@HomesNBoise.com at 2:08 PM
1 Comments:
Interest rates are really low; there are many great properties on the market. People should not equate National News to Boise, ID. A few Buyers are reaping the reward of picking and choosing from many great properties while many Buyers are not moving forward.
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