“So, How’s the Market?”
“A recession is when your neighbor loses their job. A Depression is when you lose yours.”
–uttered by Presidents Truman and Reagan (and many others)
Little remarked — but equally true — is the converse: a “bounce,” at least in the real estate business, is when you are busy; a “boom” is when you’re swamped.
That’s regardless of what’s otherwise happening in your office, the overall market, various parts of town, etc.
After a torrid May-Sept, and a quiet(er) October, I am personally very busy heading into Thanksgiving and the year-end.
The principal caveat: Buyers now are expecting — and getting — deals.
P.S.: A colleague characterized this market as one in which “Buyers are getting the last word.”
I’d go even further: Buyers in today’s market are getting the last sentence — or paragraph.
