In late November and into December the market really picked up and some homes that had been sitting on the market for a year or more were now finally in escrow. Buy why did this happen? Some say the market is finally hitting bottom and these buyers wanted to beat the rush of people this summer searching for and bidding on the best real estate deals. Others say this is a regular occurrence and despite what most people say it's always busy this time of year. I personally think it's a little of both. Many economists say the market will bottom out this year somewhere around August. So the smart buyers are starting a little earlier finding a good deal then coming in low. This makes their purchase now comparable to what they might expect to pay later in the year and they don't have the competition of other buyers to outbid them. Smart move.
No comments:
Post a Comment