Buyer Psychology
Is the housing market in for a double dip?
That seems to be the topic du jour, in the wake of the latest Case-Shiller numbers showing renewed market weakness virtually across the country.
Personally, I don’t know if that’s in the cards.
However, I do think there’s a self-fulfilling quality to the discussion.
Namely, Buyers concerned about a double-dip become more cautious, and as a result either make lower offers — or none at all.
That phenomenon does undermine pricing, at least in the short run . . .
