With the real estate market moving up and down and sideways, many of my clients ask me what is going to happen next. Should they buy? Should they just hold on? Should they sell? What? It drives them crazy when the news reports doom and gloom.
Here are my two cents: look at what the Realtors are doing. This is going to give you a pretty good idea what has to be done. And keep in mind, real estate is cyclical. If what goes up has to come down, what comes down too quickly has to go up as well.
Most Realtors I know are moving - they are BUYING! This is a buyer's market. Buy now or forever hold your peace.
Monday, April 30, 2007
Leading Indicators
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